In January 2023, Tech Innovate Inc., a leading technology firm specializing in cloud services, fell victim to a sophisticated ransomware attack. The cybercriminals exploited a known vulnerability that had not been patched in a timely manner. The breach led to the encryption of critical project data and internal communications. The attackers demanded a substantial ransom for the decryption keys. Despite efforts to recover the encrypted data through backups, the disruption caused significant delays in service delivery, eroding customer trust. The impact was not only financial, stemming from the ransom paid and the cost of mitigation efforts, but also reputational, as news of the attack spread rapidly in industry circles and online forums.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec409050724",
"linkid": "tech-innovate-inc",
"type": "Cyber Attack",
"date": "01/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"