In March 2021, Example Corp suffered a significant cyberattack, classified as a ransomware attack that encrypted their internal systems, demanding a substantial ransom. This incident led to a temporary halt in operations, causing not only direct financial losses from halted operations but also considerable reputational damage. Efforts to handle customer inquiries were overwhelmed, leading to customer dissatisfaction. The attack was notable for its sophistication, using a previously unknown vulnerability. Despite recovery efforts, the attack highlights the critical need for ongoing investments in cyber security measures and the importance of rapid response capabilities.
Source: https://commercial.allianz.com/news-and-insights/reports/allianz-risk-barometer.html
"id": "exa704050624",
"linkid": "example-corp",
"type": "Breach",
"date": "03/2021",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"