In August 2023, Tech Innovations Inc., a leading software development firm, fell victim to a sophisticated ransomware attack. Cybercriminals exploited a vulnerability in the company's network, leading to encryption of critical project data and operational software. The attackers demanded a substantial ransom for the decryption keys. Despite efforts to bypass the encryption, significant project delays occurred, and confidential data was at risk of being leaked. The company engaged cybersecurity experts to resolve the incident, but not without incurring considerable financial and reputational damage. This attack highlighted the importance of regular system updates and employee training on cybersecurity best practices.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec706050724",
"linkid": "tech-innovations-inc",
"type": "Breach",
"date": "08/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"