Leading IT services company, Cognizant was hit by a Maze Ransomware attack earlier in April this year that made headlines for its severity as the company confirmed undergoing a loss of $50-$70 million in their revenues. In the wake of the ransomware attack, Cognizant issued an email advisory alerting its clients to be extra secure by disconnecting themselves for as long as the incident persists.
Cognizant is one of the global leading IT services company headquartered in New Jersey (US). It started in 1994 as a service provider to Dun & Bradstreet companies worldwide; later in 1998, it became independent when D&B split into three, and one group of companies came under Cognizant corporation. Since then, the company has grown leaps and bounds making a name for its consulting and operation services in the industry.