Tech Innovations Inc. fell victim to a sophisticated ransomware attack in March 2024, resulting in significant operational disruptions. The attackers exploited a known vulnerability in the company's file transfer software, MOVEit, which had not been patched timely. This lapse allowed the attackers, identified as the Cl0p/Clop group, to infiltrate the network, encrypt critical data, and demand a hefty ransom. Despite efforts to restore systems using backups, several proprietary projects were delayed, causing financial losses and tarnishing the company's reputation among its clients. The incident highlights the growing sophistication of ransomware groups and the importance of maintaining robust cybersecurity measures.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "tec309050624",
"linkid": "tech-innovations-inc",
"type": "Breach",
"date": "03/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"