Technicians responding to a cyber-security incident in a data center.
HDFC Asset Management Company (AMC) has reported a cyber-security incident, prompting the immediate activation of containment protocols. The company is currently undertaking an assessment to determine the full impact of the breach on its IT systems.
While an anonymous source suggested unauthorized access to the company’s IT infrastructure, HDFC AMC has assured stakeholders that business continuity is not expected to be affected at this time. This incident underscores the escalating cyber risks faced by businesses in India, particularly within the financial sector.
The report comes amid a notable increase in digital fraud cases across the country, highlighting the growing vulnerabilities that financial institutions are contending with in an increasingly digitized landscape. HDFC AMC’s response involves a thorough investigation and the implementation of measures to secure its systems.
About the Author
