Tech Innovations Inc., a global leader in software development, was hit by a severe ransomware attack in March 2023, encrypting critical data and demanding a substantial ransom for decryption keys. The attack disrupted services for millions of users worldwide and caused significant delays in product development and customer service response times. Despite efforts to restore systems from backups, the company acknowledged that the attack had led to the loss of several weeks of data inputs and financial transactions. The incident was made public knowledge, causing a temporary dip in the company's stock value and raising concerns over cybersecurity measures in place. The attack highlighted the ever-present threats facing tech companies and the imperative need for robust cybersecurity defenses and effective incident response strategies.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "tec317050624",
"linkid": "tech-innovations-inc",
"type": "Cyber Attack",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"