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
TPRM report: https://scoringcyber.rankiteo.com/company/techglobe-inc
"id": "tec949050824",
"linkid": "techglobe-inc",
"type": "Cyber Attack",
"date": "05/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"{'affected_entities': [{'name': 'TechGlobe Inc', 'type': 'Company'}],
'attack_vector': 'Exploit of data management software',
'data_breach': {'data_exfiltration': 'Yes',
'personally_identifiable_information': 'Yes',
'sensitivity_of_data': 'High',
'type_of_data_compromised': ['names',
'email addresses',
'credit card information']},
'date_detected': 'May 2024',
'description': '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.',
'impact': {'brand_reputation_impact': 'Substantial backlash from user base',
'data_compromised': ['names',
'email addresses',
'credit card information'],
'financial_loss': 'Unknown',
'legal_liabilities': 'Potential fines for non-compliance with data '
'protection laws',
'operational_impact': 'Temporary decline in customer trust and '
'stock value',
'payment_information_risk': 'High'},
'initial_access_broker': {'entry_point': 'Exploit in MOVEit software'},
'motivation': 'Unauthorized access and exfiltration of sensitive customer '
'data',
'post_incident_analysis': {'corrective_actions': 'Emergency cybersecurity '
'measures',
'root_causes': 'Inadequate patching of known '
'vulnerability'},
'regulatory_compliance': {'fines_imposed': 'Pending',
'regulations_violated': 'Potential'},
'response': {'containment_measures': 'Emergency cybersecurity measures',
'incident_response_plan_activated': 'Yes'},
'threat_actor': 'Cl0p cybercriminal gang',
'title': 'Data Breach at TechGlobe Inc',
'type': 'Data Breach',
'vulnerability_exploited': 'Known vulnerability in MOVEit software'}