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

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