Tech Innovate Inc.

In March 2023, Tech Innovate Inc., a leading software development company, experienced a substantial cyber-attack orchestrated through a vulnerability in their MOVEit file transfer system. This attack, carried out by the notorious Clop ransomware group, led to a significant data breach. Confidential project documents, employee personal information, and sensitive client data were leaked online, causing profound implications for the company's security posture, client trust, and financial health. The breach not only halted several ongoing projects but also put future contracts at risk due to the erosion of client confidence. Additionally, the company faced regulatory scrutiny for potential violations of data protection laws, further exacerbating the financial and reputational damage.

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

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

"id": "tec304050524",
"linkid": "tech-innovate-inc",
"type": "Cyber Attack",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'industry': 'Technology',
                        'name': 'Tech Innovate Inc.',
                        'type': 'Software development company'}],
 'attack_vector': 'Vulnerability in MOVEit file transfer system',
 'data_breach': {'data_exfiltration': True,
                 'personally_identifiable_information': True,
                 'sensitivity_of_data': 'High',
                 'type_of_data_compromised': ['Confidential project documents',
                                              'Employee personal information',
                                              'Sensitive client data']},
 'date_detected': 'March 2023',
 'description': 'In March 2023, Tech Innovate Inc., a leading software '
                'development company, experienced a substantial cyber-attack '
                'orchestrated through a vulnerability in their MOVEit file '
                'transfer system. This attack, carried out by the notorious '
                'Clop ransomware group, led to a significant data breach. '
                'Confidential project documents, employee personal '
                'information, and sensitive client data were leaked online, '
                "causing profound implications for the company's security "
                'posture, client trust, and financial health. The breach not '
                'only halted several ongoing projects but also put future '
                'contracts at risk due to the erosion of client confidence. '
                'Additionally, the company faced regulatory scrutiny for '
                'potential violations of data protection laws, further '
                'exacerbating the financial and reputational damage.',
 'impact': {'brand_reputation_impact': 'Erosion of client confidence',
            'data_compromised': ['Confidential project documents',
                                 'Employee personal information',
                                 'Sensitive client data'],
            'legal_liabilities': 'Regulatory scrutiny for potential violations '
                                 'of data protection laws',
            'operational_impact': 'Halted several ongoing projects',
            'systems_affected': 'MOVEit file transfer system'},
 'initial_access_broker': {'entry_point': 'MOVEit file transfer system'},
 'motivation': 'Data breach and ransom',
 'post_incident_analysis': {'root_causes': 'Vulnerability in MOVEit file '
                                           'transfer system'},
 'ransomware': {'data_exfiltration': True, 'ransomware_strain': 'Clop'},
 'threat_actor': 'Clop ransomware group',
 'title': 'Tech Innovate Inc. Data Breach',
 'type': 'Data Breach',
 'vulnerability_exploited': 'MOVEit file transfer system'}