In September 2023, TechFlow Solutions experienced a sophisticated cyber attack that resulted in a significant data breach impacting customer personal information. The breach exposed sensitive data including names, email addresses, and credit card information of over 100,000 customers, leading to widespread concern and a temporary shutdown of the company's online services. The incident was identified as a result of a ransomware attack that exploited an unpatched vulnerability in the company's IT infrastructure. Despite swift actions to contain the breach and secure their systems, TechFlow Solutions faced reputational damage, a loss of customer trust, and the potential for financial repercussions including regulatory fines and compensation claims. The company has since committed to a comprehensive review of their cybersecurity policies and the implementation of enhanced security measures.
Source: https://commercial.allianz.com/news-and-insights/reports/allianz-risk-barometer.html
"id": "tec513050724",
"linkid": "techflow-solutions",
"type": "Cyber Attack",
"date": "09/2023",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"