TechWave Solutions

In March 2023, TechWave Solutions, a leading provider of cloud storage solutions, experienced a sophisticated ransomware attack that led to the encryption of critical customer data. The attackers demanded a substantial ransom for the decryption keys. Despite swift action to contain the breach, the attack caused significant operational disruptions, resulting in the loss of trust among several long-standing clients. The company was forced to spend heavily on cybersecurity improvements and customer support to address concerns and prevent future incidents. The attack not only had a financial impact but also tarnished the company's reputation as a secure data storage provider.

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

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

"id": "tec202050624",
"linkid": "techwave-solutions",
"type": "Breach",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'industry': 'Technology',
                        'name': 'TechWave Solutions',
                        'type': 'Cloud Storage Provider'}],
 'data_breach': {'data_encryption': 'Critical customer data encrypted',
                 'type_of_data_compromised': 'Critical customer data'},
 'date_detected': 'March 2023',
 'description': 'In March 2023, TechWave Solutions, a leading provider of '
                'cloud storage solutions, experienced a sophisticated '
                'ransomware attack that led to the encryption of critical '
                'customer data. The attackers demanded a substantial ransom '
                'for the decryption keys. Despite swift action to contain the '
                'breach, the attack caused significant operational '
                'disruptions, resulting in the loss of trust among several '
                'long-standing clients. The company was forced to spend '
                'heavily on cybersecurity improvements and customer support to '
                'address concerns and prevent future incidents. The attack not '
                "only had a financial impact but also tarnished the company's "
                'reputation as a secure data storage provider.',
 'impact': {'brand_reputation_impact': 'Tarnished reputation as a secure data '
                                       'storage provider',
            'data_compromised': 'Critical customer data',
            'downtime': 'Significant operational disruptions',
            'financial_loss': 'Heavy spending on cybersecurity improvements '
                              'and customer support',
            'operational_impact': 'Loss of trust among several long-standing '
                                  'clients'},
 'motivation': 'Financial',
 'ransomware': {'data_encryption': 'Critical customer data encrypted',
                'ransom_demanded': 'Substantial'},
 'response': {'containment_measures': 'Swift action to contain the breach'},
 'title': 'Ransomware Attack on TechWave Solutions',
 'type': 'Ransomware Attack'}