In March 2023, TechCorp Inc. fell victim to a sophisticated ransomware attack by the threat group 'PhantomBreach'. The attack encrypted valuable R&D documents and demanded a ransom for their release. Despite efforts to contain the attack, sensitive data were exfiltrated, leading to significant operational disruptions. Recovery efforts were initiated promptly, but the incident exposed vulnerabilities in the company's cyber defenses, leading to a reevaluation of their security policies. This attack not only caused immediate financial strain due to ransom payments and operational inefficiencies but also harmed the company's reputation, leading to a temporary decline in stock prices.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "tec309050824",
"linkid": "techcorp-inc",
"type": "Breach",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"