Thomas Cook Shuts Website After Cyber Attack
Thomas Cook India Ltd. on Tuesday said it was affected by a cyberattack on its IT infrastructure. Its website, thomascook.in, was down with a message: "Site is undergoing maintenance. Please try again in a few minutes'.
The company has taken necessary steps to investigate and respond to the incident, including shutting down affected systems, according to an exchange filing.
"We are working with leading cybersecurity experts to support our investigation and identify the extent of the issue and take remedial action as necessary," it said.
Thomas Cook India is one of the leading travel and travel-related financial services companies in the country.
As per regulations, a listed company must assess the impact of any cyberattack and disclose to the public if the attack significantly affects operations, finances, or reputation within 24 hours.
The company should provide information about the nature of the attack, its impact, and the steps taken to resolve it. Additionally, it may need to report the incident to regulatory authorities such as CERT-In—a government agency.
Shares of Thomas Cook closed 0.22% to Rs 196.4 apiece, ahead of the announcement, compared to a flat benchmark NSE Nifty 50 Index. The stock has rise 44% this year.
Both the analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target of Rs 271 implies an upside of 38%.
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