GlobalTech Inc.

May 7, 2024 1 min read
GlobalTech Inc.

In March 2024, GlobalTech Inc. fell victim to a significant ransomware attack attributed to the Clop group. The attackers exploited vulnerabilities in the MOVEit file transfer software used by the company for secure data exchange. This breach led to the encryption of critical data and service outages. The attackers demanded a ransom to provide the decryption key. For fear of further exploitation and to resume operations, GlobalTech opted to pay the ransom. This event exposed the personal data of millions of users and sensitive corporate information, marking a massive loss of trust and financial damage. The incident sparked a thorough review of the company's cybersecurity policies and the implementation of more robust defenses to prevent future attacks.


"id": "glo204050724",
"linkid": "globaltech-inc",
"type": "Cyber Attack",
"date": "04/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

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