In March 2023, TechForward Inc., a leading software development firm, fell victim to a ransomware attack that significantly disrupted its operations. The attackers managed to encrypt critical project files and demanded a large ransom for the decryption key. Despite having robust security measures in place, the malware penetrated through a phishing scam targeting employees. The company decided not to pay the ransom, resulting in substantial project delays and financial losses. This incident not only impacted TechForward's bottom line but also harmed its reputation among clients and stakeholders. The firm has been working diligently to recover the lost data through backups and strengthen its cybersecurity posture to prevent future attacks.
Source: https://www.nationalcrimeagency.gov.uk/what-we-do/crime-threats/cyber-crime
"id": "tec206050724",
"linkid": "techforward-inc",
"type": "Ransomware",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"