In July 2023, Tech Innovate Solutions fell victim to a sophisticated ransomware attack. The attackers exploited a known vulnerability that hadn't been patched in the company's software. This led to the encryption of critical data, severely disrupting operations. Efforts to restore services have been ongoing, but the company faced significant delays, resulting in lost revenue and diminished customer trust. The attack was notable for its timing, just ahead of a major product release, causing a ripple effect on the company's financial projections for the year. While no customer data was believed to have been leaked, the incident has prompted a full-scale review of security practices at Tech Innovate Solutions.
Source: https://commercial.allianz.com/news-and-insights/reports/allianz-risk-barometer.html
"id": "tec444050724",
"linkid": "tech-innovate-solutions",
"type": "Cyber Attack",
"date": "07/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"