Tech Innovate Inc.

In January 2023, Tech Innovate Inc., a leading technology firm specializing in cloud services, fell victim to a sophisticated ransomware attack. The cybercriminals exploited a known vulnerability that had not been patched in a timely manner. The breach led to the encryption of critical project data and internal communications. The attackers demanded a substantial ransom for the decryption keys. Despite efforts to recover the encrypted data through backups, the disruption caused significant delays in service delivery, eroding customer trust. The impact was not only financial, stemming from the ransom paid and the cost of mitigation efforts, but also reputational, as news of the attack spread rapidly in industry circles and online forums.

Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/

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

"id": "tec409050724",
"linkid": "tech-innovate-inc",
"type": "Cyber Attack",
"date": "01/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'industry': 'Cloud services',
                        'name': 'Tech Innovate Inc.',
                        'type': 'Technology firm'}],
 'attack_vector': 'Exploit of a known vulnerability',
 'data_breach': {'data_encryption': 'Encrypted data',
                 'type_of_data_compromised': 'Critical project data and '
                                             'internal communications'},
 'date_detected': 'January 2023',
 'description': 'In January 2023, Tech Innovate Inc., a leading technology '
                'firm specializing in cloud services, fell victim to a '
                'sophisticated ransomware attack. The cybercriminals exploited '
                'a known vulnerability that had not been patched in a timely '
                'manner. The breach led to the encryption of critical project '
                'data and internal communications. The attackers demanded a '
                'substantial ransom for the decryption keys. Despite efforts '
                'to recover the encrypted data through backups, the disruption '
                'caused significant delays in service delivery, eroding '
                'customer trust. The impact was not only financial, stemming '
                'from the ransom paid and the cost of mitigation efforts, but '
                'also reputational, as news of the attack spread rapidly in '
                'industry circles and online forums.',
 'impact': {'brand_reputation_impact': 'Erosion of customer trust, '
                                       'reputational impact',
            'data_compromised': 'Critical project data and internal '
                                'communications',
            'downtime': 'Significant delays in service delivery'},
 'initial_access_broker': {'entry_point': 'Exploit of a known vulnerability'},
 'motivation': 'Financial gain',
 'post_incident_analysis': {'root_causes': 'Known vulnerability not patched in '
                                           'a timely manner'},
 'ransomware': {'data_encryption': 'Encryption of critical project data and '
                                   'internal communications',
                'ransom_demanded': 'Substantial ransom',
                'ransom_paid': 'Ransom paid'},
 'response': {'containment_measures': 'Recovery efforts through backups'},
 'threat_actor': 'Cybercriminals',
 'title': 'Ransomware Attack on Tech Innovate Inc.',
 'type': 'Ransomware',
 'vulnerability_exploited': 'Known vulnerability not patched'}