TechGlobal Inc.

May 7, 2024 1 min read
TechGlobal Inc.

In October 2023, TechGlobal Inc., a leading software development company, fell victim to a sophisticated ransomware attack. The attackers exploited a known vulnerability that had not yet been patched in the company's systems, leading to the encryption of critical data. This data included proprietary software code, client information, and financial records. Despite immediate efforts to recover the data, the encryption was secure, and the company was faced with a significant ransom demand. The impact of this attack was profound, halting all operations for several days and resulting in substantial financial losses due to the inability to conduct business and the eventual payment of the ransom to recover the data. Furthermore, the breach of client information damaged TechGlobal Inc.'s reputation, leading to the loss of trust among its client base and prospects.

Source: https://www.nationalcrimeagency.gov.uk/what-we-do/crime-threats/cyber-crime

"id": "tec508050724",
"linkid": "techglobal-inc",
"type": "Vulnerability",
"date": "10/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

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