Tech Innovate Solutions

In May 2023, Tech Innovate Solutions experienced a significant cyber attack when their systems were infected with ransomware by an unknown group. The attackers exploited a vulnerability in the company's MOVEit file transfer software, gaining unauthorized access to sensitive customer data. This breach resulted in the theft of personal information, including names, addresses, and payment details of over 200,000 customers, leading to widespread concern over identity theft and financial fraud. The attack not only disrupted the company's operations for several weeks but also severely damaged its reputation, leading to a loss of trust among its customer base. Despite efforts to secure their systems post-attack, the company has faced ongoing challenges in regaining customer confidence.

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

TPRM report: https://scoringcyber.rankiteo.com/company/tech-innovate-solutions

"id": "tec250050524",
"linkid": "tech-innovate-solutions",
"type": "Cyber Attack",
"date": "05/2023",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"

{'affected_entities': [{'customers_affected': 200000,
                        'name': 'Tech Innovate Solutions',
                        'type': 'Company'}],
 'attack_vector': 'Vulnerability Exploitation',
 'data_breach': {'data_exfiltration': True,
                 'number_of_records_exposed': 200000,
                 'personally_identifiable_information': True,
                 'sensitivity_of_data': 'High',
                 'type_of_data_compromised': ['Personal Information',
                                              'Payment Details']},
 'date_detected': 'May 2023',
 'description': 'In May 2023, Tech Innovate Solutions experienced a '
                'significant cyber attack when their systems were infected '
                'with ransomware by an unknown group. The attackers exploited '
                "a vulnerability in the company's MOVEit file transfer "
                'software, gaining unauthorized access to sensitive customer '
                'data. This breach resulted in the theft of personal '
                'information, including names, addresses, and payment details '
                'of over 200,000 customers, leading to widespread concern over '
                'identity theft and financial fraud. The attack not only '
                "disrupted the company's operations for several weeks but also "
                'severely damaged its reputation, leading to a loss of trust '
                'among its customer base. Despite efforts to secure their '
                'systems post-attack, the company has faced ongoing challenges '
                'in regaining customer confidence.',
 'impact': {'brand_reputation_impact': 'Severe damage',
            'data_compromised': ['Names', 'Addresses', 'Payment Details'],
            'downtime': 'Several weeks',
            'identity_theft_risk': 'High',
            'operational_impact': 'Disruption of operations',
            'payment_information_risk': 'High',
            'systems_affected': 'MOVEit file transfer software'},
 'initial_access_broker': {'entry_point': 'MOVEit file transfer software'},
 'motivation': ['Financial Gain', 'Data Theft'],
 'post_incident_analysis': {'root_causes': 'Vulnerability in MOVEit file '
                                           'transfer software'},
 'ransomware': {'data_encryption': True, 'data_exfiltration': True},
 'threat_actor': 'Unknown group',
 'title': 'Tech Innovate Solutions Ransomware Attack',
 'type': 'Ransomware',
 'vulnerability_exploited': 'MOVEit file transfer software'}