In March 2023, Tech Innovations Ltd. fell victim to a severe ransomware attack that encrypted their core operational databases, causing significant disruption to their services. The attackers demanded a substantial ransom for the decryption keys. Despite efforts to recover systems without yielding to the demands, the downtime resulted in considerable financial loss and damage to the company's reputation, as they were unable to fulfill client services for the duration. An investigation revealed that the attackers exploited a previously unknown vulnerability in the company's software.
Source: https://commercial.allianz.com/news-and-insights/reports/allianz-risk-barometer.html
"id": "tec704050624",
"linkid": "tech-innovations-ltd",
"type": "Ransomware",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"