Tech Innovate Inc.

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

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

"id": "tec903050624",
"linkid": "tech-innovate-inc",
"type": "Ransomware",
"date": "07/2023",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"

{'affected_entities': [{'customers_affected': 10000,
                        'name': 'Tech Innovate Inc.',
                        'type': 'Corporation'}],
 'data_breach': {'number_of_records_exposed': 10000,
                 'personally_identifiable_information': 'Yes',
                 'sensitivity_of_data': 'High',
                 'type_of_data_compromised': ['financial information',
                                              'personal identification '
                                              'details']},
 'date_detected': 'July 2023',
 'description': '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.',
 'impact': {'brand_reputation_impact': 'Compromised reputation',
            'data_compromised': ['financial information',
                                 'personal identification details'],
            'identity_theft_risk': 'High',
            'legal_liabilities': 'Rigorous regulatory review',
            'payment_information_risk': 'High'},
 'regulatory_compliance': {'regulatory_notifications': 'Rigorous regulatory '
                                                       'review'},
 'response': {'containment_measures': 'Prompt actions to secure the data'},
 'title': 'Tech Innovate Inc. Data Breach',
 'type': 'Data Breach'}