In May 2023, Tech Innovate Inc., a leading software development company, suffered a significant data breach exposing sensitive customer data including names, email addresses, and credit card information. The breach was attributed to a sophisticated malware attack that exploited an unpatched vulnerability in the company's customer service platform. The impact of the attack was exacerbated by delayed detection, allowing unauthorized access to customer data for over a month. The incident has caused considerable financial and reputational damage to Tech Innovate Inc., with initial estimates of the financial loss exceeding $5 million due to regulatory fines, legal fees, and a drop in customer trust. The company is currently working on enhancing its cybersecurity measures and cooperating with law enforcement to investigate the breach.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec701050624",
"linkid": "tech-innovate-inc",
"type": "Vulnerability",
"date": "05/2023",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"