In May 2023, TechFlow Solutions, a leading provider of cloud storage solutions, fell victim to a sophisticated ransomware attack. The attack resulted in the encryption of critical data and demanded a substantial ransom for its release. This incident significantly disrupted operations, causing delays in service delivery and loss of customer trust. The attackers exploited a known vulnerability that had not been patched in time, leading to the compromise of sensitive customer data including personal and financial information. The immediate financial losses combined with the long-term reputational damage have put the company in a precarious position. Efforts to mitigate the impact are ongoing, involving strengthening security measures and liaising with cyber security experts to prevent future incidents.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec511050724",
"linkid": "techflow-solutions",
"type": "Cyber Attack",
"date": "05/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"