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