SecureTech Innovations

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

TPRM report: https://scoringcyber.rankiteo.com/company/securetech-innovations

"id": "sec308050624",
"linkid": "securetech-innovations",
"type": "Breach",
"date": "05/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'name': 'SecureTech Innovations', 'type': 'Company'}],
 'data_breach': {'data_encryption': 'Yes',
                 'sensitivity_of_data': 'High',
                 'type_of_data_compromised': ['Proprietary technology patents',
                                              'Sensitive employee '
                                              'information']},
 'description': '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.',
 'impact': {'brand_reputation_impact': 'Loss of confidence from customers and '
                                       'partners',
            'data_compromised': ['Proprietary technology patents',
                                 'Sensitive employee information'],
            'downtime': 'Several days',
            'operational_impact': 'Operations halted'},
 'motivation': 'Ransom demands',
 'ransomware': {'data_encryption': 'Yes', 'ransom_demanded': 'Yes'},
 'threat_actor': 'Unknown assailants',
 'title': 'Ransomware Attack on SecureTech Innovations',
 'type': 'Ransomware'}