TechSolutions Ltd.

May 6, 2024 1 min read
TechSolutions Ltd.

In March 2023, TechSolutions Ltd., a prominent software development firm, fell victim to a sophisticated ransomware attack that encrypted crucial development data and demanded a hefty ransom for decryption keys. The attackers exploited a known vulnerability that had not yet been patched by the company's IT team. This incident caused significant downtime, leading to a delay in product development and service delivery. The financial losses encompassed not just the ransom paid (in an unsuccessful attempt to regain the encrypted data) but also the cost of emergency cybersecurity measures, legal fees, potential compliance fines, and reputational damage. Furthermore, the breach eroded customer trust, with several clients terminating their contracts.

Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/

"id": "tec401050624",
"linkid": "techsolutions-ltd",
"type": "Vulnerability",
"date": "04/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

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