In March 2023, TechSolutions Inc., a leading software development company, fell victim to a sophisticated ransomware attack. The cybercriminals exploited a vulnerability within the company's network infrastructure to deploy malicious ransomware, effectively encrypting crucial data and demanding a hefty ransom for decryption keys. This incident resulted in the temporary shutdown of critical services, severely impacting the company's operations and its contractual obligations. The attack not only halted product development and delayed service deliveries, leading to significant financial losses, but it also damaged the company's reputation among its clients and stakeholders. Following the incident, TechSolutions Inc. has initiated a comprehensive security overhaul to prevent future attacks.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec317050624",
"linkid": "techsolutions-inc",
"type": "Vulnerability",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"