Tech Innovate Ltd.

In April 2024, Tech Innovate Ltd., a leading technology firm specializing in software development, fell victim to a sophisticated ransomware attack. The cybercriminals managed to breach the company's security defenses using an exploit in their file transfer software, leading to significant downtime. The attackers encrypted valuable development projects and demanded a considerable ransom. Despite efforts to recover the encrypted data through backups, the company faced delays in project delivery, loss of client trust, and a decline in share value, highlighting the need for robust cybersecurity measures and regular software updates.

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

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

"id": "tec705050624",
"linkid": "tech-innovate-ltd",
"type": "Ransomware",
"date": "04/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'industry': 'Software Development',
                        'name': 'Tech Innovate Ltd.',
                        'type': 'Technology Firm'}],
 'attack_vector': 'Exploit in file transfer software',
 'data_breach': {'data_encryption': 'Encrypted valuable development projects',
                 'type_of_data_compromised': 'Valuable development projects'},
 'date_detected': 'April 2024',
 'description': 'In April 2024, Tech Innovate Ltd., a leading technology firm '
                'specializing in software development, fell victim to a '
                'sophisticated ransomware attack. The cybercriminals managed '
                "to breach the company's security defenses using an exploit in "
                'their file transfer software, leading to significant '
                'downtime. The attackers encrypted valuable development '
                'projects and demanded a considerable ransom. Despite efforts '
                'to recover the encrypted data through backups, the company '
                'faced delays in project delivery, loss of client trust, and a '
                'decline in share value, highlighting the need for robust '
                'cybersecurity measures and regular software updates.',
 'impact': {'brand_reputation_impact': 'Decline in share value',
            'customer_complaints': 'Loss of client trust',
            'data_compromised': 'Valuable development projects',
            'downtime': 'Significant downtime',
            'operational_impact': 'Delays in project delivery'},
 'initial_access_broker': {'entry_point': 'Exploit in file transfer software'},
 'lessons_learned': 'Need for robust cybersecurity measures and regular '
                    'software updates',
 'motivation': 'Financial Gain',
 'post_incident_analysis': {'root_causes': 'Exploit in file transfer software'},
 'ransomware': {'data_encryption': 'Encrypted valuable development projects',
                'ransom_demanded': 'Considerable ransom'},
 'response': {'remediation_measures': 'Attempted recovery through backups'},
 'title': 'Ransomware Attack on Tech Innovate Ltd.',
 'type': 'Ransomware Attack',
 'vulnerability_exploited': 'File transfer software vulnerability'}