May 8, 2024 1 min read

In March 2023, TechInnovate, a leading software development firm, suffered a severe cyber attack compromising its cloud storage services. The attackers exploited a known vulnerability that had not been patched in the company's infrastructure, leading to a massive data breach. Personal and financial information of over 100,000 customers was stolen, including names, addresses, credit card numbers, and transaction histories. The breach not only resulted in significant financial losses due to the need for system upgrades and customer compensations but also damaged the company's reputation, leading to a loss of trust among its users and stakeholders. TechInnovate had to temporarily halt its operations to resolve the security issues, impacting its service delivery and causing further financial strain.


"id": "tec804050824",
"linkid": "techinnovate",
"type": "Breach",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

Join the conversation

Great! Next, complete checkout for full access to Rankiteo Blog.
Welcome back! You've successfully signed in.
You've successfully subscribed to Rankiteo Blog.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info has been updated.
Your billing was not updated.