In May 2023, TechInnovate experienced a significant cyber attack, believed to be a sophisticated Ransomware attack that encrypted critical data across its worldwide operations. The attackers demanded a hefty ransom for the decryption key. Despite quick actions, the attack caused considerable disruption to operations, leading to prolonged downtime for its digital services and a loss in customer trust. Preliminary investigations pointed to a phishing scam that allowed hackers to infiltrate the company's network. The rapid containment strategies prevented further data leaks; however, the financial impact and operational downtime significantly strained the company's quarterly earnings. This incident underscores the importance of robust cybersecurity measures and the need for ongoing employee training against phishing.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec500050624",
"linkid": "techinnovate",
"type": "Cyber Attack",
"date": "05/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"