TechWave Inc.

May 8, 2024 1 min read
TechWave Inc.

In July 2023, TechWave Inc., a leading software development firm, fell victim to a sophisticated ransomware attack. The attackers exploited a previously unknown vulnerability within the company's external-facing network, leading to the encryption of critical project files and operational data. Despite having robust cybersecurity measures in place, the cybercriminals demanded a substantial ransom for the decryption keys. The attack not only disrupted TechWave Inc.'s project timelines but also posed significant reputational damage as news of the breach became public. Efforts to recover the encrypted data are ongoing, with the company working closely with cybersecurity experts and law enforcement to address the breach. The immediate financial impact was assessed to be in the high tens of thousands, with long-term effects on customer trust and ongoing contracts still being evaluated.

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

"id": "tec104050824",
"linkid": "techwave-inc",
"type": "Cyber Attack",
"date": "07/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

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