In March 2024, TechGlobal Inc., a leading technology firm specializing in data analytics, faced a severe ransomware attack. The cybercriminal group 'FutureHack' exploited a vulnerability in the company's file transfer protocol, leading to the encryption of critical data and operational disruption. As a result, TechGlobal Inc. was compelled to halt its services temporarily, affecting its clientele worldwide. The hackers demanded a ransom of $2 million for the decryption key. This attack not only caused significant financial losses estimated at $30 million due to operational downtime but also tarnished the company's reputation. Investigations revealed that sensitive client data, including financial records and proprietary algorithms, were potentially compromised.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "tec703050624",
"linkid": "techglobal-inc",
"type": "Cyber Attack",
"date": "04/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"