SecureTech Innovations faced a significant cyber attack when ransomware was deployed by unknown assailants, leading to widespread disruption of its services. The attack led to the encryption of critical data, including proprietary technology patents and sensitive employee information, causing operations to halt for several days. Attempts to restore the services were met with demands for ransom payments, which put the company in a difficult position regarding its policies against negotiating with cyber criminals. The breach not only threatened the company's financial stability but also its reputation in the market. The loss of confidence from both customers and partners could have long-lasting repercussions on its business operations.
Source: https://www.nationalcrimeagency.gov.uk/what-we-do/crime-threats/cyber-crime
"id": "sec308050624",
"linkid": "securetech-innovations",
"type": "Breach",
"date": "05/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"