In March 2023, TechInnovate, a leading software development company, experienced a major ransomware attack that encrypted critical data across its networks. The cybercriminals exploited a known vulnerability that the company had yet to patch. This attack severely disrupted operations, leading to significant financial losses and damage to the company's reputation. Despite efforts to recover the encrypted data, the company was forced to pay the ransom to regain access to its files. The incident underscored the importance of timely software updates and the need for robust cybersecurity measures to protect against evolving threats.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec200050724",
"linkid": "techinnovate",
"type": "Ransomware",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"