TechSolutions Inc., a prominent software development company, faced a severe ransomware attack in October 2023, resulting in significant operational disruptions and data compromise. The attackers exploited a known vulnerability that had not been patched in a timely manner, encrypting valuable project data and demanding a hefty ransom for decryption keys. This attack not only halted project deliveries but also eroded customer trust as sensitive project data was at risk. Despite having robust recovery mechanisms, the company took several days to restore services, during which financial losses and reputational damage escalated. The breach underscored the importance of regular system updates and employee training in cybersecurity practices to mitigate the risk of future incidents.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec803050624",
"linkid": "techsolutions-inc",
"type": "Breach",
"date": "10/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"