Wipro flags cybersecurity breaches as potential risk to business

IT major Wipro has listed cyber security 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 WannaCry ransomware hit systems across sectors like telecommunications and healthcare 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 with the US Securities and Exchange Commission, noted that while there is an increase in the number of connected devices and transition to the cloud, the impact of threats is also on the rise.

It added that attempts for unauthorized access, malware, fraud, misuse/loss/tampering of personal and business data, the deliberate or accidental act of its employees or other

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