In October 2023, TechFlow Solutions, a leading provider of digital transformation services, experienced a significant ransomware attack, which led to a substantial data leak involving customer information. The cybercriminals managed to exploit a known vulnerability that was not patched timely, leading to the compromise of personal and financial data of over 100,000 customers. This incident not only affected the trust and reputation of TechFlow Solutions but also exposed customers to financial fraud and identity theft risks. The company took immediate steps to contain the breach and notified affected individuals, but the damage was done. The impact of the attack was exacerbated by the fact that it received wide press coverage, leading to a loss of business and a significant drop in stock prices. The company is now facing lawsuits and regulatory scrutiny, which could have long-term financial implications.
Source: https://commercial.allianz.com/news-and-insights/reports/allianz-risk-barometer.html
"id": "tec411050724",
"linkid": "techflow-solutions",
"type": "Ransomware",
"date": "10/2023",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"