MphasiS is distressed by the identity theft leading
to the bank fraud in Pune, involving three of its former employees
and a current employee.
MphasiS considers data protection and data security of our clients
and their customers to be of utmost importance. MphasiS has proactively
instituted elaborate security systems and processes, which are constantly
reviewed and upgraded. We are, and have always been, compliant with
the highest standards of security in the industry.
While there is no evidence so far of a breach or audit failure
in the processes employed by MphasiS and its client, in the light
of this incident, we are conducting full external audits on processes
and compliance. We will implement the required steps to further
strengthen security and dissemination of information to customers
as to how they should protect their data.
MphasiS is working very closely with the cyber branch of the Pune
police, NASSCOM and the client bank in support of the investigation.
MphasiS will spare no effort to bring to justice the employees,
past or present, involved in this incident. In addition, we’re
working with NASSCOM to further enhance the thoroughness of staff