02-11-2023 12:09 PM | Source: Accord Fintech
TCS trades higher on launching new Cyber Insights Platform

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Tata Consultancy Services is currently trading at Rs. 3365.40, up by 32.85 points or 0.99% from its previous closing of Rs. 3332.55 on the BSE.

The scrip opened at Rs. 3341.55 and has touched a high and low of Rs. 3373.00 and Rs. 3341.55 respectively. So far 20761 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3680.00 on 09-Oct-2023 and a 52 week low of Rs. 3070.30 on 17-Apr-2023.

Last one week high and low of the scrip stood at Rs. 3398.30 and Rs. 3313.00 respectively. The current market cap of the company is Rs. 1229221.72 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.53% and 5.17% respectively.

Tata Consultancy Services (TCS) has launched a new Cyber Insights Platform that leverages AI and Amazon Security Lake to help customers enhance their cyber security and compliance. The Cyber Insights Platform leverages TCS’ expertise in managed detection and response to help customers unify diverse security datasets residing across public and private clouds, on-premise environments and third-party security providers into a central repository, powered by Amazon Security Lake. It is enhanced with machine learning models to help continuously monitor anomalies, predict potential issues well in advance, helping clients to be proactive in addressing these potential threats.

These learning models are designed for proactive anomaly detection, granular user-entity behavior analytics, dynamic risk quantification, and automated responses. This ensures an adaptive and resilient cybersecurity environment, primed to counteract the multifaceted and ever-evolving cyber threat landscape. TCS is using its deep domain knowledge across different industry verticals to tailor the Cyber Insights Platform to address industry-specific security needs. One such offering is the Financial Crime Fusion Center that uses generative AI to equip financial services clients with insights into incidents such as account takeovers, unauthorized fund transfers, and identity theft, by fusing data from their fraud detection and cybersecurity systems.

These new offerings add to TCS’ comprehensive portfolio of cybersecurity solutions and services including consulting and advisory, security-as-a-service, industry-nuanced solutions, and managed security services across areas including detection and response, identity and access management, vulnerability management, governance, risk and compliance, data privacy and protection, digital forensics and incident response, cloud security, data security, and IT/OT security services.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.