TechInnovate

May 7, 2024 1 min read
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

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

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