Tech Innovate

In July 2023, Tech Innovate, a leading software development company, suffered a significant cyber-attack classified as a 'Ransomware' under the Sub Tag category. The attack encrypted vital project files and demanded a substantial ransom for their release. Despite efforts to secure their systems, the company incurred substantial operational disruptions, leading to delayed project deliveries and tarnishing its reputation. The attack was orchestrated through a sophisticated phishing scheme that exploited a previously unknown vulnerability in their email system, prompting an urgent review of their cybersecurity protocols. This incident underscores the ever-present threat of cyber attacks and the necessity of robust cybersecurity measures for companies of all sizes.

Source: https://cybersecurityventures.com/ransomware-report/

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

"id": "tec311050724",
"linkid": "tech-innovate",
"type": "Ransomware",
"date": "07/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'industry': 'Software Development',
                        'name': 'Tech Innovate',
                        'type': 'Software Development Company'}],
 'attack_vector': 'Phishing',
 'data_breach': {'data_encryption': 'Encrypted',
                 'type_of_data_compromised': 'Project files'},
 'date_detected': 'July 2023',
 'description': 'In July 2023, Tech Innovate, a leading software development '
                'company, suffered a significant cyber-attack classified as a '
                "'Ransomware' under the Sub Tag category. The attack encrypted "
                'vital project files and demanded a substantial ransom for '
                'their release. Despite efforts to secure their systems, the '
                'company incurred substantial operational disruptions, leading '
                'to delayed project deliveries and tarnishing its reputation. '
                'The attack was orchestrated through a sophisticated phishing '
                'scheme that exploited a previously unknown vulnerability in '
                'their email system, prompting an urgent review of their '
                'cybersecurity protocols. This incident underscores the '
                'ever-present threat of cyber attacks and the necessity of '
                'robust cybersecurity measures for companies of all sizes.',
 'impact': {'brand_reputation_impact': 'Tarnished reputation',
            'data_compromised': 'Vital project files',
            'operational_impact': 'Substantial operational disruptions and '
                                  'delayed project deliveries',
            'systems_affected': 'Email system and project files'},
 'initial_access_broker': {'entry_point': 'Email system'},
 'lessons_learned': 'The necessity of robust cybersecurity measures for '
                    'companies of all sizes.',
 'motivation': 'Financial Gain',
 'post_incident_analysis': {'corrective_actions': 'Urgent review of '
                                                  'cybersecurity protocols',
                            'root_causes': 'Sophisticated phishing scheme '
                                           'exploiting a previously unknown '
                                           'vulnerability in the email system'},
 'ransomware': {'data_encryption': 'Vital project files',
                'ransom_demanded': 'Substantial'},
 'recommendations': 'Urgent review of cybersecurity protocols.',
 'title': 'Tech Innovate Ransomware Attack',
 'type': 'Ransomware',
 'vulnerability_exploited': 'Previously unknown vulnerability in email system'}