Cybersecurity breaches is potential risk to biz: Wipro

IT major Wipro has listed cybersecurity breaches as a potential risk to its business, stating that such attacks could lead to financial obligations to its customers.

The development comes weeks after the ‘WannaCry’ ransomware hit systems across sectors in over 100 countries, including India, Russia and the UK. One of the most widespread cyber attacks in history, WannaCry infected computers running on older versions of Microsoft operating systems like XP, locking access to files on the computer.

Wipro, in its filing to the US Securities and Exchange Commission (SEC), noted that while there is an increase in the number of connected devices and transition to cloud, the impact of threats is also on the rise.