In June 2023, Tech Solutions Inc. fell victim to a sophisticated ransomware attack carried out by hackers identifying themselves as part of the 'Cl0p' group. The attackers managed to exploit vulnerabilities in the company's MOVEit file transfer software, gaining unauthorized access to sensitive data. The breach resulted in the encryption of crucial operational data and the theft of personal information of over 10,000 customers, including names, addresses, and credit card details. The breach caused disruptions in service delivery, financial losses estimated at $5 million due to system downtimes and ransom payments, and significant reputational damage. The company was forced to notify affected customers and offer credit monitoring services to mitigate the risk of financial fraud against its customers.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
TPRM report: https://scoringcyber.rankiteo.com/company/tech-solutions-inc
"id": "tec009050924",
"linkid": "tech-solutions-inc",
"type": "Ransomware",
"date": "06/2023",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"{'affected_entities': [{'customers_affected': '10,000',
'name': 'Tech Solutions Inc.',
'type': 'Company'}],
'attack_vector': 'Exploit vulnerabilities in MOVEit file transfer software',
'customer_advisories': 'Notify affected customers, offer credit monitoring '
'services',
'data_breach': {'data_encryption': 'No',
'data_exfiltration': 'Yes',
'number_of_records_exposed': '10,000',
'personally_identifiable_information': 'Yes',
'sensitivity_of_data': 'High',
'type_of_data_compromised': ['Personal information',
'Financial information']},
'date_detected': 'June 2023',
'description': 'In June 2023, Tech Solutions Inc. fell victim to a '
'sophisticated ransomware attack carried out by hackers '
"identifying themselves as part of the 'Cl0p' group. The "
"attackers managed to exploit vulnerabilities in the company's "
'MOVEit file transfer software, gaining unauthorized access to '
'sensitive data. The breach resulted in the encryption of '
'crucial operational data and the theft of personal '
'information of over 10,000 customers, including names, '
'addresses, and credit card details. The breach caused '
'disruptions in service delivery, financial losses estimated '
'at $5 million due to system downtimes and ransom payments, '
'and significant reputational damage. The company was forced '
'to notify affected customers and offer credit monitoring '
'services to mitigate the risk of financial fraud against its '
'customers.',
'impact': {'brand_reputation_impact': 'Significant reputational damage',
'data_compromised': ['Personal information of over 10,000 '
'customers',
'Names',
'Addresses',
'Credit card details'],
'downtime': 'System downtimes',
'financial_loss': '$5 million',
'operational_impact': 'Disruptions in service delivery',
'payment_information_risk': 'Credit card details',
'systems_affected': 'Crucial operational data'},
'initial_access_broker': {'entry_point': 'MOVEit file transfer software'},
'motivation': 'Financial gain',
'post_incident_analysis': {'root_causes': 'Vulnerabilities in MOVEit file '
'transfer software'},
'ransomware': {'data_encryption': 'Yes', 'data_exfiltration': 'Yes'},
'response': {'communication_strategy': 'Notify affected customers, offer '
'credit monitoring services'},
'threat_actor': 'Cl0p group',
'title': 'Tech Solutions Inc. Ransomware Attack',
'type': 'Ransomware',
'vulnerability_exploited': 'MOVEit file transfer software'}