In March 2023, TechFinCorp, a prominent financial technology company, suffered a significant cyber attack resulting in a major data breach. The attack enabled hackers to compromise the personal and financial information of thousands of customers, causing widespread panic and a loss of trust in the company. The breach escalated to a point where the company's operations were halted, and there was a substantial financial loss due to the containment and remediation efforts, along with regulatory fines and damage to reputation. The severity of the attack was compounded by its timing, occurring during a peak financial period, which maximized the impact on both the company and its clients. The attack is believed to have been carried out by an advanced group of cybercriminals exploiting a previously unknown vulnerability in TechFinCorp’s systems.
Source: https://commercial.allianz.com/news-and-insights/reports/allianz-risk-barometer.html
"id": "tec430051124",
"linkid": "techfincorp",
"type": "Ransomware",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"