In May 2024, TechGlobe Inc experienced a significant breach due to an exploit in their data management software, MOVEit. The breach led to the unauthorized access and exfiltration of sensitive customer data, including names, email addresses, and credit card information. The attack was attributed to the Cl0p cybercriminal gang, which exploited a known vulnerability that had not been adequately patched by the company. Following the breach, TechGlobe Inc faced substantial backlash from its user base, leading to a temporary decline in customer trust and stock value. The company was forced to undertake emergency cybersecurity measures to contain the breach and prevent future incidents, incurring considerable financial costs. The event also attracted regulatory scrutiny, with potential fines pending for non-compliance with data protection laws.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "tec949050824",
"linkid": "techglobe-inc",
"type": "Cyber Attack",
"date": "05/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"