TechCorp Inc, a medium-sized fintech company, recently faced a significant ransomware attack. The cybercriminals exploited a vulnerability in the company's outdated security software, encrypting crucial financial data and demanding a hefty ransom for the decryption key. The attack paralyzed the company's operations for several days and resulted in the loss of important financial records. Despite eventually restoring operations through backups, the breach harmed the company's reputation, shaking customer trust and leading to a notable decrease in client retention. The financial impact was dual-fold: direct losses from paying the ransom to retrieve some of the encrypted data and indirect losses from business interruption and reputational damage.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec300050724",
"linkid": "techcorp-inc",
"type": "Cyber Attack",
"date": "04/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"