Polycab India Limited, a prominent manufacturer of wires and cables, has fallen victim to a notable ransomware attack targeting its IT infrastructure. In adherence to SEBI regulations, the company promptly disclosed the cyber incident. Reacting swiftly, Polycab initiated containment measures and began evaluating the extent of the breach in collaboration with cybersecurity experts.
Despite the severity of the attack, Polycab assures stakeholders that its essential systems remain operational, and manufacturing processes remain uncompromised. The company’s proactive response has enabled it to maintain operational continuity, mitigating potential disruptions caused by the breach. Polycab has also informed relevant authorities and is actively cooperating with cybersecurity professionals to manage the aftermath of the attack effectively.
On March 17th, 2024, Polycab officially reported the cybersecurity breach, following an official statement detailing the ransomware attack. By adhering to regulatory requirements and swiftly addressing the breach, Polycab demonstrates its commitment to transparency and resilience in the face of cyber threats, ensuring stakeholders are informed and operations remain secure.
