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
"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"