SecureTech Innovations faced a significant ransomware attack in November 2023, resulting in widespread disruption of its services. The attackers managed to infiltrate the company's network by exploiting a known vulnerability that had not been patched in time. As a result, sensitive data including patents, financial records, and customer personal information were encrypted, rendering them inaccessible to the company. The attackers demanded a substantial ransom to provide a decryption key. Despite efforts to recover the data through backups, significant portions were lost, leading to substantial financial losses and harm to the company’s reputation. The incident highlights the critical importance of timely software updates and robust cybersecurity measures.
Source: https://www.nationalcrimeagency.gov.uk/what-we-do/crime-threats/cyber-crime
"id": "sec100050724",
"linkid": "securetech-innovations",
"type": "Vulnerability",
"date": "11/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"