In March 2023, GlobalTech Innovations suffered a significant cyber attack identified as a ransomware attack, crippling its operations worldwide. The attackers managed to break through the company's cybersecurity defenses and encrypt valuable research data, demanding a substantial ransom for the decryption keys. Despite attempts to restore operations from backups, substantial delays and disruptions were experienced. The attack not only halted the company's research and development projects but also eroded trust among its clientele, leading to substantial financial losses and reputation damage. Immediate efforts were made to strengthen cybersecurity measures and liaise with law enforcement to trace the perpetrators, but the incident revealed critical vulnerabilities in the company's digital infrastructure.
Source: https://commercial.allianz.com/news-and-insights/reports/allianz-risk-barometer.html
"id": "glo424050724",
"linkid": "globaltech-innovations",
"type": "Ransomware",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"