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/

TPRM report: https://scoringcyber.rankiteo.com/company/techglobeinc

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

{'affected_entities': [{'industry': 'Technology',
                        'name': 'TechGlobe Inc.',
                        'type': 'Software Development Company'}],
 'attack_vector': 'Email System Vulnerability',
 'data_breach': {'data_encryption': 'Yes',
                 'sensitivity_of_data': 'High',
                 'type_of_data_compromised': 'Proprietary software code and '
                                             'customer data'},
 'description': '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.',
 'impact': {'brand_reputation_impact': 'Eroded customer trust',
            'data_compromised': 'Proprietary software code and customer data',
            'downtime': 'Considerable',
            'financial_loss': 'Significant',
            'operational_impact': 'Project delays',
            'systems_affected': 'Network and email system'},
 'initial_access_broker': {'entry_point': 'Email System Vulnerability'},
 'investigation_status': 'Ongoing',
 'motivation': 'Financial Gain',
 'post_incident_analysis': {'corrective_actions': 'Bolstering defenses and '
                                                  'mitigating future risks',
                            'root_causes': 'Email System Vulnerability'},
 'ransomware': {'data_encryption': 'Yes', 'ransom_demanded': 'Sizable'},
 'response': {'recovery_measures': 'Data recovery through backups',
              'third_party_assistance': 'Cybersecurity experts'},
 'title': 'TechGlobe Inc. Ransomware Attack',
 'type': 'Ransomware',
 'vulnerability_exploited': 'Email System Vulnerability'}