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Finshots Daily

Did copy-paste really cost TCS $200 million?

Nov 29, 2023
07:10
Snipd AI
This podcast explores the controversy between TCS and CSC in the insurance sector, including their disagreement over the adaptation of B-A-N-C-S. It also discusses a case where TCS gained unauthorized access to Epic's software and the damages awarded in the court case.
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Podcast summary created with Snipd AI

Quick takeaways

  • TCS was found guilty of unlawfully accessing and sharing confidential information, leading to a $210 million fine.
  • TCS's previous infringement cases highlight the need to respect copyright and intellectual property laws.

Deep dives

TCS fined $210 million in legal dispute with CSC

In a legal case involving Tata Consultancy Services (TCS) and CSC, a US-based software service provider, TCS has been found guilty and ordered to pay a $210 million fine. The dispute stems from TCS winning a $2 billion contract with Transamerica, a major US life insurance company, to provide a software solution called B-A-N-C-S. CSC alleges that TCS did not have a product ready for the US market and that TCS unlawfully accessed and shared confidential information about CSC's Bantage software, including copying the source code and sharing it via email. The jury's decision against TCS marks the second time the company has been found guilty in a copyright infringement case.

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