In a shocking case, an Indian IT employee has pleaded guilty to causing loss to his previous company, Cisco to the tune of Rs 18 crore.
How did this happen, and why?
What will happen to the employee now?
Indian Employee Causes Rs 18 Crore Loss To Cisco
30-year old Sudhish Kasaba Ramesh has pleaded guilty and admitted that he intentionally caused $2.4 million loss to his ex-company: Cisco.
He admitted to this act, at the federal court of San Jose, California.
The Judge set a $50,000 bond bail, which was paid and he was let go, but the final verdict on this case will be announced in December, 2020.
Upto 5 years prison and/or $250,000 penalty can be imposed on this employee, for causing such a huge loss for the company.
The case was filed by United States Attorney David Anderson, on the complain on Cisco.
How Can Ex-Employee Cause $2.4 Million Loss?
Ramesh resigned from Cisco in the month of April in 2018.
In September, he somehow gained access to Cisco’s Cloud Infrastructure which was hosted on Amazon Web Services. He illegally accessed the Cloud platform, since he had no access or permission from Cisco.
He took out a code from his Cloud project account, and intentionally deployed the same in Cisco’s Cloud Platform, which resulted in deletion of 456 virtual machines of the company.
Once these virtual machines were deleted, Cisco’s several applications stopped working, which included their webinar apps, video calling apps, file sharing tools, and more.
Inshort, it crippled Cisco’s communication and file apps, and caused heavy damage to their operations.
Cisco had to spent man-hours worth $1.4 million to restore those virtual machines, and kickstart their apps again.
$1 million was also refunded back to the clients, since they were unable to provide them service.
It’s not yet known why Ramesh did this, and how he as able to gain access to Cisco’s Cloud Infrastrucrure platform.
We will keep you updated, as more details come in.
Comments are closed, but trackbacks and pingbacks are open.