TechInnovate

In June 2023, TechInnovate fell victim to a sophisticated ransomware attack executed by the Cl0p criminal group exploiting vulnerabilities in the MOVEit file transfer software. The breach resulted in the unauthorized access and encryption of sensitive customer data. Efforts to restore the encrypted files are ongoing, with critical services severely disrupted. This incident has not only crippled the operational capabilities of TechInnovate but has also significantly eroded trust among its customer base, leading to a notable drop in the company's stock price. The immediate financial loss from the attack is estimated to be in millions, with long-term reputational damage yet to be fully quantified.

Source: https://konbriefing.com/en-topics/cyber-attacks.html

TPRM report: https://scoringcyber.rankiteo.com/company/techinnovate

"id": "tec105050724",
"linkid": "techinnovate",
"type": "Vulnerability",
"date": "06/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'name': 'TechInnovate', 'type': 'Company'}],
 'attack_vector': 'Exploiting vulnerabilities in MOVEit file transfer software',
 'data_breach': {'data_encryption': 'Yes',
                 'sensitivity_of_data': 'High',
                 'type_of_data_compromised': 'Sensitive customer data'},
 'date_detected': 'June 2023',
 'description': 'In June 2023, TechInnovate fell victim to a sophisticated '
                'ransomware attack executed by the Cl0p criminal group '
                'exploiting vulnerabilities in the MOVEit file transfer '
                'software. The breach resulted in the unauthorized access and '
                'encryption of sensitive customer data. Efforts to restore the '
                'encrypted files are ongoing, with critical services severely '
                'disrupted. This incident has not only crippled the '
                'operational capabilities of TechInnovate but has also '
                'significantly eroded trust among its customer base, leading '
                "to a notable drop in the company's stock price. The immediate "
                'financial loss from the attack is estimated to be in '
                'millions, with long-term reputational damage yet to be fully '
                'quantified.',
 'impact': {'brand_reputation_impact': 'Significant erosion of trust among '
                                       'customers',
            'data_compromised': 'Sensitive customer data',
            'financial_loss': 'Millions',
            'operational_impact': 'Critical services severely disrupted'},
 'initial_access_broker': {'entry_point': 'MOVEit file transfer software '
                                          'vulnerabilities'},
 'investigation_status': 'Ongoing',
 'ransomware': {'data_encryption': 'Yes', 'ransomware_strain': 'Cl0p'},
 'response': {'remediation_measures': 'Ongoing efforts to restore encrypted '
                                      'files'},
 'threat_actor': 'Cl0p criminal group',
 'title': 'TechInnovate Ransomware Attack',
 'type': 'Ransomware Attack',
 'vulnerability_exploited': 'MOVEit file transfer software vulnerabilities'}