TechInnovate, a leading software development firm, was hit by a sophisticated ransomware attack in March 2024, leading to significant operational disruptions. The attackers exploited a vulnerability in MOVEit, a popular file transfer software, to penetrate the company's network. Although the attack was rapidly contained, sensitive project data related to TechInnovate's latest AI projects was encrypted, causing delays in product development and financial losses estimated at $2M. Following the attack, TechInnovate has intensified its cybersecurity measures and is cooperating with cybersecurity experts to prevent future incidents.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "tec307050624",
"linkid": "techinnovate",
"type": "Cyber Attack",
"date": "03/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"