Tech Innovate Inc. fell victim to a significant cybersecurity breach in April 2023, where attackers exploited a vulnerability within their network to gain unauthorized access. The breach resulted in the theft of sensitive data concerning over 10,000 customers, including personal identification information and financial details. This incident not only jeopardized customer trust but also placed the company under scrutiny by regulatory authorities, leading to potential fines and a drop in stock prices. The immediate financial impact was estimated at $5 million. However, the long-term damage to the company's reputation and customer loyalty is expected to increase this cost substantially over time.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "tec312050624",
"linkid": "tech-innovate-inc",
"type": "Ransomware",
"date": "04/2023",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"