In July 2023, Tech Innovate Inc. faced a severe cyber-attack when hackers exploited a vulnerability, leading to a significant data breach. The breach resulted in the loss of sensitive customer data, including financial information and personal identification details, affecting over 10,000 customers. This incident not only threatened the financial stability of the affected individuals but also compromised the company's reputation. Despite prompt actions to secure the data and mitigate the damages, the breach had a lasting impact on the company's customer trust and investor confidence. Furthermore, the incident prompted a rigorous regulatory review, questioning the adequacy of current cybersecurity measures and compliance with data protection laws.
Source: https://commercial.allianz.com/news-and-insights/reports/allianz-risk-barometer.html
"id": "tec903050624",
"linkid": "tech-innovate-inc",
"type": "Ransomware",
"date": "07/2023",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"