SecureTech Innovations

In July 2023, SecureTech Innovations experienced a significant cyberattack classified as a 'Ransomware' incident under the Sub Tag category. The attackers managed to infiltrate the company's secured network through a phishing scam, exploiting a known vulnerability that had not yet been patched in SecureTech's software. Upon gaining access, the malicious actors deployed ransomware, encrypting critical customer data and demanding a substantial ransom for decrypt key. This attack not only disrupted SecureTech's operations, causing a temporary shutdown of their main service platform, but also compromised sensitive personal and financial information of over 10,000 customers. The incident has severely impacted SecureTech Innovations' reputation, leading to a loss of trust among its customer base, a decrease in share value, and potential legal repercussions.

Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/

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

"id": "sec607050724",
"linkid": "securetech-innovations",
"type": "Cyber Attack",
"date": "07/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'customers_affected': '10,000',
                        'name': 'SecureTech Innovations',
                        'type': 'Company'}],
 'attack_vector': 'Phishing Scam',
 'data_breach': {'number_of_records_exposed': '10,000',
                 'sensitivity_of_data': 'High',
                 'type_of_data_compromised': 'Personal and financial '
                                             'information'},
 'date_detected': 'July 2023',
 'description': 'In July 2023, SecureTech Innovations experienced a '
                "significant cyberattack classified as a 'Ransomware' incident "
                'under the Sub Tag category. The attackers managed to '
                "infiltrate the company's secured network through a phishing "
                'scam, exploiting a known vulnerability that had not yet been '
                "patched in SecureTech's software. Upon gaining access, the "
                'malicious actors deployed ransomware, encrypting critical '
                'customer data and demanding a substantial ransom for decrypt '
                "key. This attack not only disrupted SecureTech's operations, "
                'causing a temporary shutdown of their main service platform, '
                'but also compromised sensitive personal and financial '
                'information of over 10,000 customers. The incident has '
                "severely impacted SecureTech Innovations' reputation, leading "
                'to a loss of trust among its customer base, a decrease in '
                'share value, and potential legal repercussions.',
 'impact': {'brand_reputation_impact': 'Severe impact on reputation',
            'customer_complaints': 'Loss of trust among customer base',
            'data_compromised': 'Sensitive personal and financial information',
            'downtime': 'Temporary shutdown of main service platform',
            'financial_loss': 'Decrease in share value',
            'legal_liabilities': 'Potential legal repercussions',
            'operational_impact': 'Disruption of operations',
            'systems_affected': 'Main service platform'},
 'initial_access_broker': {'entry_point': 'Phishing scam'},
 'motivation': 'Financial Gain',
 'post_incident_analysis': {'root_causes': 'Known vulnerability in software'},
 'ransomware': {'ransom_demanded': 'Substantial'},
 'title': 'Ransomware Attack on SecureTech Innovations',
 'type': 'Ransomware',
 'vulnerability_exploited': 'Known vulnerability in software'}