McLeod Russel India responds to ransomware attack; no major impact on operations

McLeod Russel India responds to ransomware attack; no major impact on operations

McLeod Russel India reported a cybersecurity incident involving a ransomware attack on its IT infrastructure. The company’s management said it has initiated necessary precautions to minimise the impact.

In its regulatory filing, McLeod Russel confirmed that its technical team has worked to retrieve and restore the affected systems.

Despite the incident, the company stated that there has been no material impact on its operations.

Cybersecurity issues, particularly ransomware attacks, have become a significant concern for businesses worldwide.

These attacks often involve malicious software that encrypts data, demanding payment for its release. Organisations are investing in stronger security measures and response protocols to safeguard their systems and data.

Last month, a ransomware attack on Blue Yonder, a key supply chain management software provider, disrupted Starbucks’ internal operations. The coffee giant confirmed that it was forced to revert to manual processes for managing employee schedules and payroll.

The cyberattack, which began on November 21, 2024, impacted Blue Yonder’s systems, causing a ripple effect for its clients, including Starbucks.

While the attack hampered back-end processes like time tracking and schedule management, Starbucks assured that customer service and store operations remain unaffected.

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