Tata Technologies confirmed a ransomware attack that affected some of its IT services. However, the company confirmed that its client delivery operations were not impacted.

Tata Technologies in its Stock Exchanges - National Stock Exchange and Bombay Stock Exchange -  filing (NSE/BSE) said the affected services were temporarily suspended but have now been fully restored. "Our client delivery services remained operational throughout," the company assured.

A detailed investigation is ongoing with cybersecurity experts to identify the cause of the attack.  It also took steps to strengthen security measures.  Steps are being taken to prevent any future risks," the statement read. No further details about the attack have been disclosed.

Tata Tech Pushes for More Upskilling in Industry 4.0

In another development, Tata Technologies is promoting for increased investment in upskilling India’s workforce to prepare for Industry 4.0. This recommendation comes as the company shares its expectations ahead of the Union Budget 2025.

Tata Technologies CEO and MD Warren Harris said that India’s goal of a USD 5 trillion economy depends on policies that encourage innovation, investment in emerging technologies, and the development of products in India and the world.

It is also said the importance of smart manufacturing, artificial intelligence, digital transformation, and software-defined vehicles in driving growth. He called for government support through incentives for research and development, skill-building programs, and infrastructure improvements.

What is a Ransomware Attack?

Ransomware is a type of malware that locks a victim’s data, demanding payment (or "ransom") to regain access. According to cybersecurity firm CrowdStrike, ransomware attacks have become a widespread form of cyber extortion. The attackers used to demand ransom amounts in exchange for restoring access to the encrypted files and systems. 

Recent reports show a sharp increase in such attacks. A Cyberpeace report found that ransomware incidents rose by 55 percent in 2024, with 98 cases compared to 63 the previous year. India ranks second in the Asia Pacific and Japan region for ransomware attacks, with the manufacturing sector being the most affected.

A study by Zscaler ThreatLabz revealed that 28.89 percent  of ransomware attacks targeted manufacturing, followed by healthcare, technology, pharmaceuticals, and financial services.