TechSolutions Corp, a leading provider of cloud storage solutions, experienced a significant data breach in April 2023, compromising customer and employee data, including financial information, personal identification numbers, and confidential emails. The attack was highly sophisticated, utilizing a zero-day vulnerability that bypassed traditional cybersecurity measures. The breach not only exposed sensitive information of over 100,000 customers but also led to substantial financial losses due to system downtimes, legal fees, and reparations. This incident has severely tarnished TechSolutions Corp's reputation, resulting in a loss of trust among its customer base and stakeholders. The aftermath of the attack saw a sharp decline in the company's stock value and a surge in customer churn as individuals and businesses sought more secure alternatives for their cloud storage needs.
Source: https://commercial.allianz.com/news-and-insights/reports/allianz-risk-barometer.html
"id": "tec405050724",
"linkid": "techsolutions-corp",
"type": "Ransomware",
"date": "04/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"