TechGlobe Inc.

May 7, 2024 1 min read
TechGlobe Inc.

TechGlobe Inc., a prominent software development company, experienced a significant security breach in which malicious actors gained unauthorized access to its network. The breach occurred due to an exploited vulnerability within the company's email system, allowing hackers to deploy ransomware across the network. This cyberattack encrypted critical data, including proprietary software code and customer data, severely disrupting the company's operations. The attackers demanded a sizable ransom in exchange for the decryption key. Despite efforts to recover the encrypted data through backups, considerable time was lost, resulting in project delays and financial losses. Additionally, the breach eroded customer trust, impacting the company's reputation in the market. TechGlobe Inc. is currently working with cybersecurity experts to bolster their defenses and mitigate future risks.

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

"id": "tec202050724",
"linkid": "techglobeinc",
"type": "Breach",
"date": "04/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

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