Tech Innovate Inc. faced a severe cybersecurity breach in June 2024 when attackers exploited a vulnerability in their MOVEit file transfer software. This breach resulted in the loss of sensitive customer information, including personal data and financial information. The attack not only compromised the data integrity but also caused significant reputational damage to the company, leading to a loss of customer trust and a noticeable impact on its market value. Immediate measures were taken to secure the data and prevent further incidents, including comprehensive system audits and the implementation of enhanced security protocols.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
TPRM report: https://scoringcyber.rankiteo.com/company/tech-innovate-inc
"id": "tec126050524",
"linkid": "tech-innovate-inc",
"type": "Vulnerability",
"date": "06/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"
{'affected_entities': [{'name': 'Tech Innovate Inc.', 'type': 'Company'}],
'attack_vector': 'Exploitation of Vulnerability',
'data_breach': {'personally_identifiable_information': 'personal data',
'sensitivity_of_data': 'high',
'type_of_data_compromised': ['personal data',
'financial information']},
'date_detected': 'June 2024',
'description': 'Tech Innovate Inc. faced a severe cybersecurity breach in '
'June 2024 when attackers exploited a vulnerability in their '
'MOVEit file transfer software. This breach resulted in the '
'loss of sensitive customer information, including personal '
'data and financial information. The attack not only '
'compromised the data integrity but also caused significant '
'reputational damage to the company, leading to a loss of '
'customer trust and a noticeable impact on its market value. '
'Immediate measures were taken to secure the data and prevent '
'further incidents, including comprehensive system audits and '
'the implementation of enhanced security protocols.',
'impact': {'brand_reputation_impact': 'significant reputational damage',
'data_compromised': ['personal data', 'financial information']},
'response': {'remediation_measures': ['comprehensive system audits',
'enhanced security protocols']},
'title': 'Tech Innovate Inc. Data Breach',
'type': 'Data Breach',
'vulnerability_exploited': 'MOVEit file transfer software'}