Tech Innovate Inc.

May 7, 2024 1 min read
Tech Innovate Inc.

In March 2024, Tech Innovate Inc. was hit by a sophisticated ransomware attack that encrypted critical data across multiple servers. Despite having robust security measures in place, the attackers exploited a previously unknown vulnerability in the company's file-transfer software. Immediate impact included significant operational disruptions, delayed customer projects, and financial losses estimated at $5 million due to downtime and recovery efforts. The company had to negotiate with the attackers for the decryption key, though no ransom was disclosed publicly. The incident sparked an industry-wide review of security practices surrounding file-transfer solutions.


"id": "tec603050724",
"linkid": "tech-innovate-inc",
"type": "Breach",
"date": "03/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

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