TechInnovate

May 8, 2024 1 min read
TechInnovate

In March 2023, TechInnovate faced a massive ransomware attack that encrypted critical operational data and demanded a $500,000 ransom for decryption keys. The attack utilized a phishing scheme, tricking an employee into downloading the malicious ransomware. As a result, TechInnovate's operations were halted for two weeks, leading to significant financial losses and a tarnished reputation in the industry. The company had to spend additional resources on cybersecurity enhancements and public relations efforts to regain its customers' trust. This incident highlighted the critical need for comprehensive employee training on cybersecurity best practices.

Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/

"id": "tec702050824",
"linkid": "techinnovate",
"type": "Vulnerability",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

Join the conversation

Great! Next, complete checkout for full access to Rankiteo Blog.
Welcome back! You've successfully signed in.
You've successfully subscribed to Rankiteo Blog.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info has been updated.
Your billing was not updated.