Tech Innovate Solutions

Tech Innovate Solutions experienced a significant cyber attack in which malicious actors implemented a combination of phishing and ransomware to gain unauthorized access to the company's financial records and employee data. The attackers encrypted critical data and demanded a ransom for decryption keys. Despite efforts to secure the network, the attack disrupted operations, leading to significant financial losses and eroding customer trust. The breach was detected when abnormal data transfers were noticed by the IT department, which immediately initiated an investigation. The company took immediate steps to mitigate the damage, including isolating affected systems, notifying law enforcement, and communicating with stakeholders about the breach.

Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/

TPRM report: https://scoringcyber.rankiteo.com/company/tech-innovate-solutions

"id": "tec105050724",
"linkid": "tech-innovate-solutions",
"type": "Vulnerability",
"date": "04/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'name': 'Tech Innovate Solutions', 'type': 'Company'}],
 'attack_vector': 'Phishing',
 'data_breach': {'data_encryption': True,
                 'type_of_data_compromised': ['Financial Records',
                                              'Employee Data']},
 'description': 'Tech Innovate Solutions experienced a significant cyber '
                'attack in which malicious actors implemented a combination of '
                'phishing and ransomware to gain unauthorized access to the '
                "company's financial records and employee data. The attackers "
                'encrypted critical data and demanded a ransom for decryption '
                'keys. Despite efforts to secure the network, the attack '
                'disrupted operations, leading to significant financial losses '
                'and eroding customer trust. The breach was detected when '
                'abnormal data transfers were noticed by the IT department, '
                'which immediately initiated an investigation. The company '
                'took immediate steps to mitigate the damage, including '
                'isolating affected systems, notifying law enforcement, and '
                'communicating with stakeholders about the breach.',
 'impact': {'brand_reputation_impact': 'Eroded Customer Trust',
            'data_compromised': ['Financial Records', 'Employee Data'],
            'operational_impact': 'Significant'},
 'initial_access_broker': {'entry_point': 'Phishing',
                           'high_value_targets': ['Financial Records',
                                                  'Employee Data']},
 'motivation': 'Financial Gain',
 'ransomware': {'data_encryption': True, 'ransom_demanded': True},
 'response': {'communication_strategy': 'Communicating with Stakeholders',
              'containment_measures': ['Isolating Affected Systems'],
              'law_enforcement_notified': True},
 'stakeholder_advisories': True,
 'title': 'Phishing and Ransomware Attack on Tech Innovate Solutions',
 'type': 'Ransomware'}