In July 2023, Tech Innovations Inc., a leading provider in the IoT sector, faced a severe cyber-attack classified as a 'Ransomware' incident with a sub-tag of 'Cyber Attack'. The attackers managed to encrypt critical data related to proprietary technology, demanding a substantial ransom for decryption keys. The attack disrupted operations for weeks, leading to significant financial loss and damage to the company's reputation. Immediate steps were taken to strengthen cybersecurity measures and to recover the affected systems, but the recovery process is still ongoing. This incident highlights the increasing threats companies face in securing their digital assets and the importance of ongoing vigilance and investment in cybersecurity infrastructure.
Source: https://cybersecurityventures.com/ransomware-report/
"id": "tec211050624",
"linkid": "tech-innovations-inc",
"type": "Breach",
"date": "07/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"