Tech Solutions Inc.

May 9, 2024 1 min read
Tech Solutions Inc.

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

"id": "tec009050924",
"linkid": "tech-solutions-inc",
"type": "Ransomware",
"date": "06/2023",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"

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