Tech Innovations Ltd.

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

TPRM report: https://scoringcyber.rankiteo.com/company/tech-innovations-ltd

"id": "tec704050624",
"linkid": "tech-innovations-ltd",
"type": "Ransomware",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'name': 'Tech Innovations Ltd.', 'type': 'Company'}],
 'attack_vector': 'Exploitation of a previously unknown vulnerability',
 'date_detected': 'March 2023',
 'description': '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.",
 'impact': {'brand_reputation_impact': "Damage to the company's reputation",
            'downtime': 'Significant',
            'financial_loss': 'Considerable',
            'operational_impact': 'Unable to fulfill client services',
            'systems_affected': 'Core operational databases'},
 'motivation': 'Financial gain',
 'post_incident_analysis': {'root_causes': 'Previously unknown vulnerability '
                                           "in the company's software"},
 'ransomware': {'data_encryption': 'Core operational databases',
                'ransom_demanded': 'Substantial'},
 'title': 'Tech Innovations Ltd. Ransomware Attack',
 'type': 'Ransomware',
 'vulnerability_exploited': "Previously unknown vulnerability in the company's "
                            'software'}