Choose your winners rationally in 3 simple steps! Access the exclusive Economic Times stories, Editorial and Expert opinion, Sharp Insight-rich, Indepth stories across 20+ sectors, ICICI Prudential Bluechip Fund Direct-Growth, Mirae Asset Emerging Bluechip Fund Direct-Growth, Maze Ransomware attack to hit Cognizant revenue. Choose your reason below and click on the Report button. Your Reason has been Reported to the admin. Follow us for the latest news at @CognizantNews, Cognizant to Acquire Bright Wolf, Accelerating Growth in Industrial Internet of Things Services. Reimagining your business models, products and customer experiences to drive new value. So we can see a major termination of Contract employees working on HR and other support functions. "Cognizant can confirm that … Simplifying, modernizing and securing the IT infrastructure and applications that are the backbone of your business. Why follow tips? For reprint rights: Cognizant India Chairman & MD Ramkumar Ramamoorthy resigns, Cognizant to acquire Chicago-based cloud specialist firm 10th Magnitude, Take cognizance of 'very bad' situation of women's safety in UP: Priyanka to Guv, Cyberattack on Cognizant hit corporate credit cards’ info, Cognizant hit by 'Maze' ransomware attack. IT services giant Cognizant has admitted that a ransomware attack it suffered back in April may end up costing the company as much as $70m. IT services major Cognizant said it has become a victim of the 'Maze' ransomware attack that has caused disruptions to some of its clients. Download The Economic Times News App to get Daily Market Updates & Live Business News. Check out Cognizant's latest company news stories, events and updated company press releases. Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer. This will alert our moderators to take action. cognizant ransomware IT firm Cognizant US Securities Commission Maze Ransomware corporate revenue (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Ransonware attack will be the reason to lose clients and to impact its revenues. I got a call already last week regarding my last working date. Services to some of the company's clients have been affected by the incident. New Jersey IT services provider Cognizant has confirmed it is the latest victim of the Maze ransomware. The company, which has about 200,000 employees based in India, said it is in ongoing communication with clients and has provided them with indicators of compromise (IOCs) and other technical information of a defensive nature. The latest company to fall victim to a ransomware attack is Cognizant, a large US IT services company which admitted at the weekend that it had fallen victim to Maze.. Let's reshape it today, Hunt for the brightest engineers in India. The firm announced revenue of $4.2bn for the first quarter of 2020, an increase of 2.8% year-on-year. At this pandemic situation, they are most concerned about their revenue than employee healty and welfare. The IT services provider confirmed on April 18 that it had fallen victim to a ransomware attack perpetrated by the threat group Maze. They planned to lay off its contract employees by May 15th 2020. Also, ETMarkets.com is now on Telegram. Front view of Cognizant's Mangaluru facility IT services giant Cognizant hit by ‘Maze’ ransomware 1 min read. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Updated: 19 Apr 2020, 12:30 PM IST Bloomberg . Tomorrow is different. The infection was disclosed to the public this weekend. A ransomware attack has thrown operations at New Jersey company Cognizant into disarray, compromising internal systems. For fastest news … Type in a topic service or offering and then hit Enter to search. Reinventing and managing your most essential business processes with new ways of working. Inciting hatred against a certain community, India's 1st Online Instant Personal Loan Marketplace, HDFC Bank Q4 results take Rs 450 crore Covid-19 hit: 5 key takeaways, Gamer, student or creator, this is a must buy for all. Cognizant Technology Solutions Corp., one of the world’s largest providers of IT services, said it became a victim of a ransomware attack that has caused disruptions to its clients. Cognizant said the malware outbreak will likely disrupt service for some of its customers, and possibly put them in danger as well.