In March 2023, Tech Innovate Solutions suffered a massive ransomware attack impacting their operations worldwide. The attackers exploited a vulnerability in the company's email system to install ransomware, encrypting most of the company's critical data. Efforts to restore the affected systems from backups were partially successful; however, significant operational disruptions occurred, leading to delays in product development and customer support. The attackers demanded a significant ransom payment, which the company decided not to fulfill, opting instead to rebuild the affected systems. This decision led to further delays. The attack was considered severe due to the substantial impact on company operations, customer trust, and a notable financial loss estimated to be in the millions. The company is now implementing stricter cybersecurity measures to prevent future incidents.
Source: https://www.cisco.com/c/en/us/products/security/common-cyberattacks.html
"id": "tec305050624",
"linkid": "tech-innovate-solutions",
"type": "Vulnerability",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"