In May 2023, TechFirm Inc. suffered a severe ransomware attack which led to significant disruptions in their operations. The cybercriminals exploited a known vulnerability in the company's email system to launch the attack, encrypting critical data and demanding a ransom for its release. Despite efforts to restore operations from backups, TechFirm Inc. experienced downtime leading to financial losses and damage to its reputation among clients. The incident highlights the importance of regular software updates and employee training in cybersecurity best practices to defend against ransomware threats. The attack not only disrupted TechFirm Inc.'s operations but also raised concerns about the safety of sensitive client data, although no data breach was confirmed.
Source: https://www.nationalcrimeagency.gov.uk/what-we-do/crime-threats/cyber-crime
"id": "tec304050624",
"linkid": "techfirm-inc",
"type": "Breach",
"date": "05/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"