GlobalTech Inc.

In April 2023, GlobalTech Inc., a leading software development company, suffered a severe ransomware attack that encrypted critical data across its international operations. The attackers demanded a significant ransom in cryptocurrency for the decryption key. Despite efforts to mitigate the situation, the attack resulted in extensive downtime for GlobalTech's services, affecting customers worldwide and leading to financial losses and reputational damage. The company was forced to shut down operations temporarily to address the security breach, leading to a significant delay in product development and loss of business. The incident highlighted the importance of robust cybersecurity measures and the need for ongoing vigilance against evolving cyber threats.

Source: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8853293/

TPRM report: https://scoringcyber.rankiteo.com/company/globaltech-inc

"id": "glo512050724",
"linkid": "globaltech-inc",
"type": "Breach",
"date": "04/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'customers_affected': 'Worldwide',
                        'industry': 'Technology',
                        'location': 'International',
                        'name': 'GlobalTech Inc.',
                        'type': 'Software Development Company'}],
 'data_breach': {'data_encryption': 'Yes'},
 'date_detected': 'April 2023',
 'description': 'In April 2023, GlobalTech Inc., a leading software '
                'development company, suffered a severe ransomware attack that '
                'encrypted critical data across its international operations. '
                'The attackers demanded a significant ransom in cryptocurrency '
                'for the decryption key. Despite efforts to mitigate the '
                'situation, the attack resulted in extensive downtime for '
                "GlobalTech's services, affecting customers worldwide and "
                'leading to financial losses and reputational damage. The '
                'company was forced to shut down operations temporarily to '
                'address the security breach, leading to a significant delay '
                'in product development and loss of business. The incident '
                'highlighted the importance of robust cybersecurity measures '
                'and the need for ongoing vigilance against evolving cyber '
                'threats.',
 'impact': {'brand_reputation_impact': 'Reputational Damage',
            'downtime': 'Extensive',
            'operational_impact': 'Significant delay in product development '
                                  'and loss of business',
            'systems_affected': 'International Operations'},
 'lessons_learned': 'Importance of robust cybersecurity measures and ongoing '
                    'vigilance against evolving cyber threats',
 'motivation': 'Financial Gain',
 'ransomware': {'data_encryption': 'Yes',
                'ransom_demanded': 'Significant ransom in cryptocurrency'},
 'title': 'Ransomware Attack on GlobalTech Inc.',
 'type': 'Ransomware Attack'}