Company Details
tech-innovate
3
2
81
indiamart.com
0
TEC_3220105
In-progress

Tech Innovate Company CyberSecurity Posture
indiamart.comTech Innovate Service Provider of gsm module, wireless transceiver & proximity sensor in Indore, Madhya Pradesh.
Company Details
tech-innovate
3
2
81
indiamart.com
0
TEC_3220105
In-progress
Between 550 and 599

Tech Innovate Global Score (TPRM)XXXX

Description: Tech Innovate, a leading software development firm, faced a significant breach in March 2024. A group known as CyberClash penetrated the company's security defenses, exploiting a vulnerability in their email system. This breach resulted in the exposure of sensitive data including personal information of over 10,000 customers and proprietary source code. This incident has caused a severe blow to Tech Innovate's reputation, with potential financial implications running into millions due to potential lawsuits and lost business. The company's share prices dipped by 15% following the attack, highlighting the severe impact of the breach.
Description: In March 2024, Tech Innovate fell victim to a sophisticated ransomware attack, leading to an extensive leak of its customers' personal information. This incident not only breached the privacy of millions of users but also put the company under intense scrutiny for its cybersecurity practices. The immediate fallout included a sharp decline in customer trust, disruptions to service delivery, and a significant financial impact due to potential fines and the cost of mitigating the breach. The attack highlighted the vulnerability of even well-prepared organizations to increasingly sophisticated cyber threats, underscoring the need for continuous improvement in cybersecurity measures.
Description: In March 2023, Tech Innovate fell victim to a severe Ransomware attack that significantly impacted their operations. The cybercriminals managed to encrypt crucial data, demanding a hefty ransom for its release. Despite efforts to mitigate the situation, the attack led to a temporary shutdown of production lines, causing delays in service delivery and financial losses estimated in millions. The attack not only threatened the existence of Tech Innovate but also shook its customer base's trust, leading to a notable decline in future contracts and partnerships. Tech Innovate has since invested in strengthening its cybersecurity framework to prevent such incidents in the future. The severity of this attack underscores the critical need for robust security measures and constant vigilance in the digital landscape.
Description: Tech Innovate, a leading software development firm, suffered a severe cyberattack leading to an extensive data breach. The breach was executed using sophisticated malware that exploited an unpatched vulnerability within the company’s network. Hackers were able to exfiltrate sensitive customer information, including names, addresses, and payment details. The breach was discovered by the internal security team two weeks after initial infiltration, during which the compromised data was already on sale on dark web forums. This incident has significantly impacted the company’s reputation, causing a loss of trust among its customer base and a drop in stock prices. The company is currently working with cybersecurity experts to bolster their defenses and ensure such a breach does not happen in the future.
Description: In July 2023, Tech Innovate, a leading software development company, suffered a significant cyber-attack classified as a 'Ransomware' under the Sub Tag category. The attack encrypted vital project files and demanded a substantial ransom for their release. Despite efforts to secure their systems, the company incurred substantial operational disruptions, leading to delayed project deliveries and tarnishing its reputation. The attack was orchestrated through a sophisticated phishing scheme that exploited a previously unknown vulnerability in their email system, prompting an urgent review of their cybersecurity protocols. This incident underscores the ever-present threat of cyber attacks and the necessity of robust cybersecurity measures for companies of all sizes.
Description: In March 2023, Tech Innovate faced a devastating ransomware attack that encrypted vital data across numerous departments, effectively halting operations. The attackers demanded a significant ransom in cryptocurrency. The company's IT team discovered the breach too late, by which time customer and employee data had been compromised. Despite attempts to recover the data via backups, significant downtime was incurred, leading to financial losses and damage to the company's reputation. An investigation revealed that the attack vector was a phishing email, highlighting a critical need for enhanced cybersecurity training for employees.
Description: In March 2024, Tech Innovate fell victim to a sophisticated ransomware attack orchestrated by the notorious Cl0p group. The attack leveraged vulnerabilities in the MOVEit file transfer software, compromising sensitive data including personal information of customers and proprietary company technology. Despite swift action, the breach resulted in significant data leaks, causing operational disruptions and financial losses, including delayed product launches and compromised customer trust. The company had to invest heavily in cybersecurity measures post-attack, impacting their financials further. This incident highlights the increasing sophistication of cybercriminals and the critical need for robust cybersecurity defenses.


No incidents recorded for Tech Innovate in 2025.
No incidents recorded for Tech Innovate in 2025.
No incidents recorded for Tech Innovate in 2025.
Tech Innovate cyber incidents detection timeline including parent company and subsidiaries

Tech Innovate Service Provider of gsm module, wireless transceiver & proximity sensor in Indore, Madhya Pradesh.


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Explore insights on cybersecurity incidents, risk posture, and Rankiteo's assessments.
The official website of Tech Innovate is https://www.indiamart.com/techinnovate/.
According to Rankiteo, Tech Innovate’s AI-generated cybersecurity score is 554, reflecting their Very Poor security posture.
According to Rankiteo, Tech Innovate currently holds 0 security badges, indicating that no recognized compliance certifications are currently verified for the organization.
According to Rankiteo, Tech Innovate is not certified under SOC 2 Type 1.
According to Rankiteo, Tech Innovate does not hold a SOC 2 Type 2 certification.
According to Rankiteo, Tech Innovate is not listed as GDPR compliant.
According to Rankiteo, Tech Innovate does not currently maintain PCI DSS compliance.
According to Rankiteo, Tech Innovate is not compliant with HIPAA regulations.
According to Rankiteo,Tech Innovate is not certified under ISO 27001, indicating the absence of a formally recognized information security management framework.
Tech Innovate operates primarily in the Consumer Services industry.
Tech Innovate employs approximately 3 people worldwide.
Tech Innovate presently has no subsidiaries across any sectors.
Tech Innovate’s official LinkedIn profile has approximately 2 followers.
Tech Innovate is classified under the NAICS code 81, which corresponds to Other Services (except Public Administration).
No, Tech Innovate does not have a profile on Crunchbase.
Yes, Tech Innovate maintains an official LinkedIn profile, which is actively utilized for branding and talent engagement, which can be accessed here: https://www.linkedin.com/company/tech-innovate.
As of December 04, 2025, Rankiteo reports that Tech Innovate has experienced 7 cybersecurity incidents.
Tech Innovate has an estimated 6,164 peer or competitor companies worldwide.
Incident Types: The types of cybersecurity incidents that have occurred include Cyber Attack, Vulnerability, Ransomware and Breach.
Total Financial Loss: The total financial loss from these incidents is estimated to be $0.
Detection and Response: The company detects and responds to cybersecurity incidents through an third party assistance with cybersecurity experts, and remediation measures with attempts to recover the data via backups..
Title: Tech Innovate Data Breach
Description: Tech Innovate, a leading software development firm, suffered a severe cyberattack leading to an extensive data breach. The breach was executed using sophisticated malware that exploited an unpatched vulnerability within the company’s network. Hackers were able to exfiltrate sensitive customer information, including names, addresses, and payment details. The breach was discovered by the internal security team two weeks after initial infiltration, during which the compromised data was already on sale on dark web forums. This incident has significantly impacted the company’s reputation, causing a loss of trust among its customer base and a drop in stock prices. The company is currently working with cybersecurity experts to bolster their defenses and ensure such a breach does not happen in the future.
Type: Data Breach
Attack Vector: Sophisticated Malware
Vulnerability Exploited: Unpatched Vulnerability
Motivation: Financial Gain
Title: Tech Innovate Ransomware Attack
Description: In March 2024, Tech Innovate fell victim to a sophisticated ransomware attack orchestrated by the notorious Cl0p group. The attack leveraged vulnerabilities in the MOVEit file transfer software, compromising sensitive data including personal information of customers and proprietary company technology. Despite swift action, the breach resulted in significant data leaks, causing operational disruptions and financial losses, including delayed product launches and compromised customer trust. The company had to invest heavily in cybersecurity measures post-attack, impacting their financials further. This incident highlights the increasing sophistication of cybercriminals and the critical need for robust cybersecurity defenses.
Date Detected: March 2024
Type: Ransomware Attack
Attack Vector: Vulnerabilities in MOVEit file transfer software
Vulnerability Exploited: MOVEit file transfer software
Threat Actor: Cl0p group
Motivation: Financial Gain, Data Theft
Title: Ransomware Attack on Tech Innovate
Description: In March 2023, Tech Innovate faced a devastating ransomware attack that encrypted vital data across numerous departments, effectively halting operations. The attackers demanded a significant ransom in cryptocurrency. The company's IT team discovered the breach too late, by which time customer and employee data had been compromised. Despite attempts to recover the data via backups, significant downtime was incurred, leading to financial losses and damage to the company's reputation. An investigation revealed that the attack vector was a phishing email, highlighting a critical need for enhanced cybersecurity training for employees.
Date Detected: March 2023
Type: Ransomware
Attack Vector: Phishing email
Motivation: Financial gain
Title: Tech Innovate Ransomware Attack
Description: In March 2024, Tech Innovate fell victim to a sophisticated ransomware attack, leading to an extensive leak of its customers' personal information. This incident not only breached the privacy of millions of users but also put the company under intense scrutiny for its cybersecurity practices. The immediate fallout included a sharp decline in customer trust, disruptions to service delivery, and a significant financial impact due to potential fines and the cost of mitigating the breach. The attack highlighted the vulnerability of even well-prepared organizations to increasingly sophisticated cyber threats, underscoring the need for continuous improvement in cybersecurity measures.
Date Detected: March 2024
Type: Ransomware Attack
Title: Tech Innovate Ransomware Attack
Description: In July 2023, Tech Innovate, a leading software development company, suffered a significant cyber-attack classified as a 'Ransomware' under the Sub Tag category. The attack encrypted vital project files and demanded a substantial ransom for their release. Despite efforts to secure their systems, the company incurred substantial operational disruptions, leading to delayed project deliveries and tarnishing its reputation. The attack was orchestrated through a sophisticated phishing scheme that exploited a previously unknown vulnerability in their email system, prompting an urgent review of their cybersecurity protocols. This incident underscores the ever-present threat of cyber attacks and the necessity of robust cybersecurity measures for companies of all sizes.
Date Detected: July 2023
Type: Ransomware
Attack Vector: Phishing
Vulnerability Exploited: Previously unknown vulnerability in email system
Motivation: Financial Gain
Title: Ransomware Attack on Tech Innovate
Description: In March 2023, Tech Innovate fell victim to a severe Ransomware attack that significantly impacted their operations. The cybercriminals managed to encrypt crucial data, demanding a hefty ransom for its release. Despite efforts to mitigate the situation, the attack led to a temporary shutdown of production lines, causing delays in service delivery and financial losses estimated in millions. The attack not only threatened the existence of Tech Innovate but also shook its customer base's trust, leading to a notable decline in future contracts and partnerships. Tech Innovate has since invested in strengthening its cybersecurity framework to prevent such incidents in the future. The severity of this attack underscores the critical need for robust security measures and constant vigilance in the digital landscape.
Date Detected: March 2023
Type: Ransomware
Motivation: Financial gain
Title: Tech Innovate Data Breach
Description: A significant breach at Tech Innovate in March 2024, resulting in the exposure of sensitive data including personal information of over 10,000 customers and proprietary source code.
Date Detected: 2024-03-01
Type: Data Breach
Attack Vector: Email System Vulnerability
Vulnerability Exploited: Email System Vulnerability
Threat Actor: CyberClash
Common Attack Types: The most common types of attacks the company has faced is Ransomware.
Identification of Attack Vectors: The company identifies the attack vectors used in incidents through MOVEit file transfer software, Phishing email, Email system and Email System Vulnerability.

Data Compromised: Names, Addresses, Payment details
Brand Reputation Impact: Significant

Financial Loss: Significant
Data Compromised: Sensitive data including personal information of customers and proprietary company technology
Downtime: Operational Disruptions
Operational Impact: Delayed product launches
Brand Reputation Impact: Compromised customer trust

Data Compromised: Customer data, Employee data
Downtime: Significant downtime
Operational Impact: Operations halted
Brand Reputation Impact: Damage to the company's reputation

Data Compromised: Customers' personal information
Operational Impact: Disruptions to service delivery
Brand Reputation Impact: Sharp decline in customer trust
Legal Liabilities: Potential fines

Data Compromised: Vital project files
Systems Affected: Email system and project files
Operational Impact: Substantial operational disruptions and delayed project deliveries
Brand Reputation Impact: Tarnished reputation

Financial Loss: Millions
Data Compromised: Crucial data
Systems Affected: Production lines
Downtime: Temporary shutdown
Operational Impact: Delays in service delivery
Brand Reputation Impact: Decline in future contracts and partnerships

Financial Loss: Millions due to potential lawsuits and lost business
Data Compromised: Personal information, Proprietary source code
Brand Reputation Impact: Severe blow to reputation, share prices dipped by 15%
Legal Liabilities: Potential lawsuits
Average Financial Loss: The average financial loss per incident is $0.00.
Commonly Compromised Data Types: The types of data most commonly compromised in incidents are Customer Information, , Personal information, Proprietary technology, Customer Data, Employee Data, , Personal Information, , Project files, Personal Information, Proprietary Source Code and .

Entity Name: Tech Innovate
Entity Type: Software Development Firm
Industry: Technology

Entity Name: Tech Innovate
Entity Type: Company
Industry: Technology

Entity Name: Tech Innovate
Entity Type: Company
Customers Affected: Millions of users

Entity Name: Tech Innovate
Entity Type: Software Development Company
Industry: Software Development

Entity Name: Tech Innovate
Entity Type: Software Development Firm
Industry: Software Development
Customers Affected: 10000

Third Party Assistance: Cybersecurity Experts

Remediation Measures: Attempts to recover the data via backups
Third-Party Assistance: The company involves third-party assistance in incident response through Cybersecurity Experts.

Type of Data Compromised: Customer information
Sensitivity of Data: High
Data Exfiltration: Yes
Personally Identifiable Information: Yes

Type of Data Compromised: Personal information, Proprietary technology
Sensitivity of Data: High
Data Exfiltration: Significant data leaks
Personally Identifiable Information: Yes

Type of Data Compromised: Customer data, Employee data

Type of Data Compromised: Personal information

Type of Data Compromised: Personal information, Proprietary source code
Number of Records Exposed: 10000
Sensitivity of Data: High
Personally Identifiable Information: Yes
Prevention of Data Exfiltration: The company takes the following measures to prevent data exfiltration: Attempts to recover the data via backups.

Data Exfiltration: Significant data leaks

Ransom Demanded: Significant ransom in cryptocurrency
Data Encryption: Vital data encrypted

Legal Actions: Potential lawsuits
Ensuring Regulatory Compliance: The company ensures compliance with regulatory requirements through Potential lawsuits.

Lessons Learned: The incident highlights the increasing sophistication of cybercriminals and the critical need for robust cybersecurity defenses.

Lessons Learned: Critical need for enhanced cybersecurity training for employees

Lessons Learned: Continuous improvement in cybersecurity measures

Lessons Learned: The necessity of robust cybersecurity measures for companies of all sizes.

Lessons Learned: The critical need for robust security measures and constant vigilance in the digital landscape.

Recommendations: Urgent review of cybersecurity protocols.
Key Lessons Learned: The key lessons learned from past incidents are The incident highlights the increasing sophistication of cybercriminals and the critical need for robust cybersecurity defenses.Critical need for enhanced cybersecurity training for employeesContinuous improvement in cybersecurity measuresThe necessity of robust cybersecurity measures for companies of all sizes.The critical need for robust security measures and constant vigilance in the digital landscape.
Implemented Recommendations: The company has implemented the following recommendations to improve cybersecurity: Urgent review of cybersecurity protocols..
Additional Resources: Stakeholders can find additional resources on cybersecurity best practices at and Source: Internal ReportDate Accessed: March 2024.

Investigation Status: Ongoing

Entry Point: MOVEit file transfer software

Entry Point: Phishing email

Entry Point: Email system

Entry Point: Email System Vulnerability

Root Causes: Vulnerabilities in MOVEit file transfer software
Corrective Actions: Heavy investment in cybersecurity measures

Root Causes: Phishing email

Root Causes: Sophisticated phishing scheme exploiting a previously unknown vulnerability in the email system
Corrective Actions: Urgent review of cybersecurity protocols

Root Causes: Vulnerability in email system
Post-Incident Analysis Process: The company's process for conducting post-incident analysis is described as Cybersecurity Experts.
Corrective Actions Taken: The company has taken the following corrective actions based on post-incident analysis: Heavy investment in cybersecurity measures, Urgent review of cybersecurity protocols.
Last Ransom Demanded: The amount of the last ransom demanded was Significant ransom in cryptocurrency.
Last Attacking Group: The attacking group in the last incident were an Cl0p group and CyberClash.
Most Recent Incident Detected: The most recent incident detected was on March 2024.
Highest Financial Loss: The highest financial loss from an incident was Millions due to potential lawsuits and lost business.
Most Significant Data Compromised: The most significant data compromised in an incident were Names, Addresses, Payment Details, , Sensitive data including personal information of customers and proprietary company technology, Customer data, Employee data, , Customers' personal information, , Vital project files, Crucial data, Personal Information, Proprietary Source Code and .
Third-Party Assistance in Most Recent Incident: The third-party assistance involved in the most recent incident was Cybersecurity Experts.
Most Sensitive Data Compromised: The most sensitive data compromised in a breach were Customer data, Payment Details, Names, Sensitive data including personal information of customers and proprietary company technology, Personal Information, Customers' personal information, Crucial data, Employee data, Addresses, Vital project files and Proprietary Source Code.
Number of Records Exposed in Most Significant Breach: The number of records exposed in the most significant breach was 100.0.
Highest Ransom Demanded: The highest ransom demanded in a ransomware incident was Hefty ransom.
Most Significant Legal Action: The most significant legal action taken for a regulatory violation was Potential lawsuits.
Most Significant Lesson Learned: The most significant lesson learned from past incidents was Continuous improvement in cybersecurity measures, The necessity of robust cybersecurity measures for companies of all sizes., The critical need for robust security measures and constant vigilance in the digital landscape.
Most Significant Recommendation Implemented: The most significant recommendation implemented to improve cybersecurity was Urgent review of cybersecurity protocols..
Most Recent Source: The most recent source of information about an incident is Internal Report.
Current Status of Most Recent Investigation: The current status of the most recent investigation is Ongoing.
Most Recent Entry Point: The most recent entry point used by an initial access broker were an MOVEit file transfer software, Email System Vulnerability, Phishing email and Email system.
Most Significant Root Cause: The most significant root cause identified in post-incident analysis was Vulnerabilities in MOVEit file transfer software, Phishing email, Sophisticated phishing scheme exploiting a previously unknown vulnerability in the email system, Vulnerability in email system.
Most Significant Corrective Action: The most significant corrective action taken based on post-incident analysis was Heavy investment in cybersecurity measures, Urgent review of cybersecurity protocols.
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