GlobalTech Inc., a leading technology firm specializing in cloud services, fell victim to a sophisticated ransomware attack in May 2024, leading to significant disruption of its cloud-based services. The attackers exploited a vulnerability within the company’s MOVEit file transfer software, managing to encrypt crucial data and demanded a substantial ransom for its release. This incident not only caused operational disruptions but also led to a temporary loss of trust among its customer base. Despite efforts to mitigate the attack by engaging cybersecurity experts and law enforcement agencies, the data remained compromised for several days, resulting in financial losses and reputational damage. The attack highlights the growing risks associated with ransomware attacks on critical software infrastructure and the need for enhanced cybersecurity measures.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "glo103050724",
"linkid": "globaltech-inc",
"type": "Breach",
"date": "05/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"