Photo: economictimes.indiatimes.com
TCS Sets the Record Straight: No Loss of M&S Contract Amid Cyberattack Claims
Tata Consultancy Services has denied misleading claims regarding the loss of its contract with Marks & Spencer amid allegations of a £300 million cyberattack, clarifying that its information technology services are ongoing.
- On Monday, Tata Consultancy Services issued a statement to stock exchanges, labeling recent claims about its contract with Marks & Spencer as misleading and factually inaccurate.
- The Telegraph reported that Marks & Spencer terminated a £300 million contract with Tata Consultancy Services due to a significant cyberattack, which TCS has firmly denied.
- Tata Consultancy Services emphasized that its work with Marks & Spencer continues, highlighting the importance of accurate information in the context of retail and information technology.
Why It Matters
This incident underscores the critical role of reliable information in the technology and retail sectors, especially following high-profile cyberattacks. It also reflects the growing scrutiny on IT service management and partnerships in an increasingly digital economy.