In July 2023, TechSol Innovations, a leading software development company, fell victim to a sophisticated ransomware attack that encrypted critical project files and demanded a substantial ransom for decryption keys. The attack was initiated through a phishing email, deceiving an employee into downloading malicious software. This incident led to significant downtime, delaying project deliveries and resulting in financial losses estimated at $3 million. Further, client trust was eroded, impacting future contracts. The company was forced to engage cyber security experts to restore operations, drawing attention to the need for enhanced security measures and employee training on cyber threats.
Source: https://purplesec.us/resources/cyber-security-statistics/
"id": "tec211050724",
"linkid": "techsol-innovations",
"type": "Vulnerability",
"date": "07/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"