In July 2024, GlobalTech Innovations became a victim of a massive ransomware attack orchestrated by a group known as Cl0p. The attackers exploited a vulnerability in the MOVEit file transfer software, causing significant disruptions in the company’s operations. Personal data of over 2 million customers, including names, email addresses, and credit card information, were encrypted and held for ransom. Despite efforts to mitigate the damage, the company faced huge financial losses, estimated to be in the tens of millions of dollars, due to operational downtime and loss of customer trust. This incident highlighted the critical need for enhanced cybersecurity measures and rapid response strategies to protect sensitive customer information and ensure business continuity.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "glo705050824",
"linkid": "globaltech-innovations",
"type": "Breach",
"date": "08/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"