GlobalTech Solutions

May 7, 2024 1 min read
GlobalTech Solutions

In March 2024, GlobalTech Solutions, a leading provider of cloud storage solutions, suffered a significant cyberattack that compromised the personal information of over 2 million users. The attackers utilized a sophisticated malware to exploit a vulnerability in the company’s MOVEit file transfer software, allowing them unauthorized access to sensitive data. This data included customers' names, email addresses, and encrypted passwords. Although GlobalTech Solutions has assured its clients that the encryption on their passwords remains secure, the breach has shaken trust in the company. Following the announcement, there was an immediate dip in the company’s stock price, and it has faced scrutiny from both clients and industry regulators regarding its cybersecurity practices. The company responded promptly to the breach by securing the vulnerability, increasing their cyber defense measures, and offering affected customers free credit monitoring services.


"id": "glo406050724",
"linkid": "globaltech-solutions",
"type": "Ransomware",
"date": "03/2024",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"

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