GlobalTech Inc.

May 7, 2024 1 min read
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/

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

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