TechFlow Solutions, a mid-sized software development company specializing in cloud storage solutions, faced a severe cyberattack in May 2023. A group of hackers exploited a vulnerability in their system to launch a ransomware attack. Despite robust security measures, the hackers were able to encrypt critical customer data and demanded a significant ransom for its release. This incident not only disrupted TechFlow's operations for several weeks but also put sensitive customer data at risk of exposure. The company chose not to pay the ransom and instead worked with cybersecurity experts to restore their systems from backups. This event has led to a loss of trust among their client base, potential financial implications from lost business, and the cost of enhancing their cybersecurity measures to prevent future incidents.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec507050724",
"linkid": "techflow-solutions",
"type": "Breach",
"date": "05/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"