In March 2024, TechSolutions Inc. faced a severe cyber attack orchestrated through a ransomware strain known as LockBit 3.0. The attackers managed to breach the company's secure network, encrypting critical data related to their clients and internal operations. The demand was set at 300 Bitcoin, approximately valued at $15 million at the time. Despite efforts to mitigate the impacts, the company experienced significant operational disruptions, leading to delays in service delivery and a temporary shutdown of their customer support systems. This incident not only resulted in financial losses estimated at $20 million but also severely tarnished the company's reputation, leading to a loss of trust among its client base and stakeholders.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
TPRM report: https://scoringcyber.rankiteo.com/company/techsolutions-inc
"id": "tec212050724",
"linkid": "techsolutions-inc",
"type": "Vulnerability",
"date": "04/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"
{'affected_entities': [{'name': 'TechSolutions Inc.', 'type': 'Company'}],
'data_breach': {'type_of_data_compromised': 'Client data, internal operations '
'data'},
'date_detected': 'March 2024',
'description': 'In March 2024, TechSolutions Inc. faced a severe cyber attack '
'orchestrated through a ransomware strain known as LockBit '
"3.0. The attackers managed to breach the company's secure "
'network, encrypting critical data related to their clients '
'and internal operations. The demand was set at 300 Bitcoin, '
'approximately valued at $15 million at the time. Despite '
'efforts to mitigate the impacts, the company experienced '
'significant operational disruptions, leading to delays in '
'service delivery and a temporary shutdown of their customer '
'support systems. This incident not only resulted in financial '
'losses estimated at $20 million but also severely tarnished '
"the company's reputation, leading to a loss of trust among "
'its client base and stakeholders.',
'impact': {'brand_reputation_impact': 'Severely tarnished reputation, loss of '
'trust among client base and '
'stakeholders',
'data_compromised': 'Critical data related to clients and internal '
'operations',
'downtime': 'Temporary shutdown of customer support systems',
'financial_loss': '$20 million',
'operational_impact': 'Significant operational disruptions, delays '
'in service delivery',
'systems_affected': 'Customer support systems'},
'motivation': 'Financial Gain',
'ransomware': {'data_encryption': 'Critical data related to clients and '
'internal operations',
'ransom_demanded': '300 Bitcoin (approx. $15 million)',
'ransomware_strain': 'LockBit 3.0'},
'title': 'TechSolutions Inc. Ransomware Attack',
'type': 'Ransomware'}