TechWave Inc., a leading software development company, experienced a significant data breach incident in July 2023, impacting customer and employee data. The attack was conducted using sophisticated malware deployed through phishing emails, which bypassed the existing security protocols. Sensitive information, including customers' personal identification details and employees' payroll information, was compromised and leaked on dark web forums. This breach has not only led to financial losses due to fraudulent activities but also severely damaged the company's reputation. Immediate actions were taken to secure the network, notify affected individuals, and work with cybersecurity experts to prevent future incidents. The company is currently cooperating with law enforcement agencies to trace the perpetrators.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
TPRM report: https://scoringcyber.rankiteo.com/company/techwave-inc
"id": "tec002050824",
"linkid": "techwave-inc",
"type": "Vulnerability",
"date": "07/2023",
"severity": "100",
"impact": "",
"explanation": "Attack with significant impact with customers and employees data leaks"{'affected_entities': [{'customers_affected': 'Yes',
'industry': 'Technology',
'name': 'TechWave Inc.',
'type': 'Software Development Company'}],
'attack_vector': 'Phishing Emails',
'customer_advisories': 'Notify Affected Individuals',
'data_breach': {'data_exfiltration': 'Yes',
'personally_identifiable_information': 'Yes',
'sensitivity_of_data': 'High',
'type_of_data_compromised': "Customers' Personal "
'Identification Details, '
"Employees' Payroll Information"},
'date_detected': 'July 2023',
'description': 'TechWave Inc., a leading software development company, '
'experienced a significant data breach incident in July 2023, '
'impacting customer and employee data. The attack was '
'conducted using sophisticated malware deployed through '
'phishing emails, which bypassed the existing security '
"protocols. Sensitive information, including customers' "
"personal identification details and employees' payroll "
'information, was compromised and leaked on dark web forums. '
'This breach has not only led to financial losses due to '
"fraudulent activities but also severely damaged the company's "
'reputation. Immediate actions were taken to secure the '
'network, notify affected individuals, and work with '
'cybersecurity experts to prevent future incidents. The '
'company is currently cooperating with law enforcement '
'agencies to trace the perpetrators.',
'impact': {'brand_reputation_impact': 'Severely Damaged',
'data_compromised': "Customers' Personal Identification Details, "
"Employees' Payroll Information",
'financial_loss': 'Yes',
'identity_theft_risk': 'Yes'},
'initial_access_broker': {'data_sold_on_dark_web': 'Yes',
'entry_point': 'Phishing Emails'},
'investigation_status': 'Ongoing',
'motivation': 'Financial Gain and Data Leakage',
'post_incident_analysis': {'corrective_actions': 'Work with Cybersecurity '
'Experts to Prevent Future '
'Incidents',
'root_causes': 'Sophisticated Malware deployed '
'through Phishing Emails'},
'response': {'communication_strategy': 'Notify Affected Individuals',
'containment_measures': 'Secure the Network',
'law_enforcement_notified': 'Yes',
'remediation_measures': 'Work with Cybersecurity Experts',
'third_party_assistance': 'Cybersecurity Experts'},
'title': 'TechWave Inc. Data Breach',
'type': 'Data Breach',
'vulnerability_exploited': 'Sophisticated Malware'}