Tech Innovate

May 7, 2024 1 min read
Tech Innovate

In July 2023, Tech Innovate, a leading software development company, suffered a significant cyber-attack classified as a 'Ransomware' under the Sub Tag category. The attack encrypted vital project files and demanded a substantial ransom for their release. Despite efforts to secure their systems, the company incurred substantial operational disruptions, leading to delayed project deliveries and tarnishing its reputation. The attack was orchestrated through a sophisticated phishing scheme that exploited a previously unknown vulnerability in their email system, prompting an urgent review of their cybersecurity protocols. This incident underscores the ever-present threat of cyber attacks and the necessity of robust cybersecurity measures for companies of all sizes.

Source: https://cybersecurityventures.com/ransomware-report/

"id": "tec311050724",
"linkid": "tech-innovate",
"type": "Ransomware",
"date": "07/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

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