In March 2024, TechSolutions Inc. faced a severe data breach that resulted from a targeted ransomware attack. The attackers exploited a previously unknown vulnerability in the company's file transfer software, leading to the encryption of critical data and disruption of operations. An estimated 500GB of sensitive customer data, including personal and financial information, were compromised, prompting urgent notifications to affected individuals and regulatory bodies. The breach not only resulted in a significant financial loss due to operational downtime and ransom payments but also damaged the company's reputation, leading to a loss of customer trust and a drop in the share price. The response involved a multi-faceted approach, including strengthening cybersecurity measures, engaging with law enforcement, and providing support to affected customers.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "tec607050724",
"linkid": "techsolutions-inc",
"type": "Breach",
"date": "05/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"