In April 2024, Tech Innovate Ltd., a leading technology firm specializing in software development, fell victim to a sophisticated ransomware attack. The cybercriminals managed to breach the company's security defenses using an exploit in their file transfer software, leading to significant downtime. The attackers encrypted valuable development projects and demanded a considerable ransom. Despite efforts to recover the encrypted data through backups, the company faced delays in project delivery, loss of client trust, and a decline in share value, highlighting the need for robust cybersecurity measures and regular software updates.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "tec705050624",
"linkid": "tech-innovate-ltd",
"type": "Ransomware",
"date": "04/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"