Tech Innovates Inc.

Tech Innovates Inc., a leading technology solution provider, experienced a significant cyber attack in June 2024. The incident involved a severe breach of their customer data management system through an advanced malware attack. Hackers were able to exploit a known vulnerability that was not yet patched by the company. As a result, personal information, including names, addresses, and payment details of over 500,000 customers, was leaked online. The attack not only led to financial losses estimated at $2.3 million due to system downtimes and customer compensations but also a notable erosion of customer trust and confidence. Tech Innovates Inc. has since taken measures to bolster its cyber defenses, including patch management and advanced threat detection systems.

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

TPRM report: https://scoringcyber.rankiteo.com/company/tech-innovates-inc

"id": "tec206050724",
"linkid": "tech-innovates-inc",
"type": "Cyber Attack",
"date": "06/2024",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"

{'affected_entities': [{'customers_affected': '500,000',
                        'industry': 'Technology',
                        'name': 'Tech Innovates Inc.',
                        'type': 'Technology Solution Provider'}],
 'attack_vector': 'Malware',
 'data_breach': {'number_of_records_exposed': '500,000',
                 'personally_identifiable_information': ['names', 'addresses'],
                 'type_of_data_compromised': ['personal information',
                                              'payment details']},
 'date_detected': 'June 2024',
 'description': 'A significant cyber attack involving a severe breach of the '
                'customer data management system through an advanced malware '
                'attack.',
 'impact': {'brand_reputation_impact': 'Notable erosion of customer trust and '
                                       'confidence',
            'data_compromised': ['names', 'addresses', 'payment details'],
            'financial_loss': '$2.3 million',
            'systems_affected': 'Customer data management system'},
 'response': {'remediation_measures': 'Patch management and advanced threat '
                                      'detection systems'},
 'threat_actor': 'Hackers',
 'title': 'Tech Innovates Inc. Data Breach',
 'type': 'Data Breach',
 'vulnerability_exploited': 'Known vulnerability not patched'}