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In March 2024, Tech Innovate fell victim to a sophisticated ransomware attack orchestrated by the notorious Cl0p group. The attack leveraged vulnerabilities in the MOVEit file transfer software, compromising sensitive data including personal information of customers and proprietary company technology. Despite swift action, the breach resulted in significant data leaks, causing operational disruptions and financial losses, including delayed product launches and compromised customer trust. The company had to invest heavily in cybersecurity measures post-attack, impacting their financials further. This incident highlights the increasing sophistication of cybercriminals and the critical need for robust cybersecurity defenses.

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

"id": "tec314050624",
"linkid": "tech-innovate",
"type": "Vulnerability",
"date": "03/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"