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    Ivan Todorov

    Founder and CEO at TAD GROUP cybersecurity franchise

    Ivan Todorov is a Bulgarian entrepreneur who was the founder and CEO of TAD Group, a cybersecurity company based in Sofia, Bulgaria. However, he has been involved in legal troubles related to a significant data breach incident in 2019.

    In July 2019, Todorov was arrested at Sofia airport upon returning from Istanbul in connection with a major cybersecurity incident.4 He and his employee Kristiyan Boykov were accused of being involved in a data breach that affected the financial information of over 5 million Bulgarians, which is about 70% of the country's population.3

    The Bulgarian authorities charged Todorov and Boykov with cyber terrorism, alleging that they were behind the hack of the National Revenue Agency's databases.13 If found guilty, they could face 5 to 15 years in prison.1

    It's important to note that this Ivan Todorov should not be confused with other individuals of the same name, such as the Ivan Todorov who is the founder of Vibes + Logic and has a different professional background.2

    The case against Todorov and TAD Group has been controversial, with some viewing it as potentially politically motivated. The investigation also led to scrutiny of investigative journalists who reported on the data breach, raising concerns about press freedom in Bulgaria.3

    Highlights

    Apr 25 · fakti.bg
    The court again returned the case against the owner of TAD Group ...
    The court again returned the case against the owner of TAD Group ...
    Aug 5 · occrp.org
    Investigating Data Breach, Bulgarian Officials Target Journalist
    Jul 30 · novinite.com
    TAD Group Owner Ivan Todorov Was Arrested at the Airport

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    Ivan Todorov
    Ivan Todorov, photo 1
    Ivan Todorov, photo 2
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