In July 2023, TechFirm Inc., a leading software development company, fell victim to a highly sophisticated ransomware attack. The attackers exploited a vulnerability in the company's email system, deploying ransomware that encrypted critical project data and demanded a hefty ransom. Despite attempts to recover the encrypted data, TechFirm Inc. faced significant delays in project delivery, tarnishing its reputation among clients. Furthermore, the attack caused a temporary halt in operations, leading to a financial loss estimated in the millions. This incident highlights the increasing threat of cyberattacks on the tech industry and the paramount importance of robust cybersecurity measures to protect sensitive data and maintain business continuity.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec310050824",
"linkid": "techfirm-inc",
"type": "Breach",
"date": "07/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"