TechGlobal Solutions

In May 2023, TechGlobal Solutions, a leading provider of cloud storage solutions, suffered a significant ransomware attack that encrypted critical customer data, halting operations for several days. The attackers demanded a substantial ransom for the decryption keys. This incident not only disrupted TechGlobal's services but also compromised sensitive customer data, including financial records and personal identification information. The breach has eroded customer trust, with some clients taking their business elsewhere, leading to substantial financial losses and a tarnished reputation. The attack was orchestrated through a previously unknown vulnerability in the company's networking software, raising concerns about the security of similar systems globally.

Source: https://commercial.allianz.com/news-and-insights/reports/allianz-risk-barometer.html

TPRM report: https://scoringcyber.rankiteo.com/company/techglobal-solutions

"id": "tec006050724",
"linkid": "techglobal-solutions",
"type": "Ransomware",
"date": "05/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'industry': 'Cloud Storage Solutions',
                        'name': 'TechGlobal Solutions',
                        'type': 'Company'}],
 'attack_vector': 'Vulnerability in networking software',
 'data_breach': {'type_of_data_compromised': ['Financial records',
                                              'Personal identification '
                                              'information']},
 'date_detected': 'May 2023',
 'description': 'In May 2023, TechGlobal Solutions, a leading provider of '
                'cloud storage solutions, suffered a significant ransomware '
                'attack that encrypted critical customer data, halting '
                'operations for several days. The attackers demanded a '
                'substantial ransom for the decryption keys. This incident not '
                "only disrupted TechGlobal's services but also compromised "
                'sensitive customer data, including financial records and '
                'personal identification information. The breach has eroded '
                'customer trust, with some clients taking their business '
                'elsewhere, leading to substantial financial losses and a '
                'tarnished reputation. The attack was orchestrated through a '
                "previously unknown vulnerability in the company's networking "
                'software, raising concerns about the security of similar '
                'systems globally.',
 'impact': {'brand_reputation_impact': 'Tarnished',
            'data_compromised': ['Financial records',
                                 'Personal identification information'],
            'downtime': 'Several days',
            'financial_loss': 'Substantial',
            'operational_impact': 'Significant disruption of services',
            'systems_affected': 'Critical customer data'},
 'motivation': 'Financial Gain',
 'ransomware': {'ransom_demanded': 'Substantial'},
 'title': 'TechGlobal Solutions Ransomware Attack',
 'type': 'Ransomware Attack',
 'vulnerability_exploited': 'Previously unknown vulnerability in networking '
                            'software'}