In March 2023, TechForge Ltd., a leading software development company, fell victim to a sophisticated ransomware attack. The attackers managed to encrypt critical project files and demanded a substantial ransom for the decryption keys. Despite having robust cybersecurity measures in place, the breach occurred due to a phishing scam that tricked an employee into downloading malware. This incident significantly disrupted the company's operations, delaying project deliveries and undermining client trust. The financial impact involves direct remediation costs and potential loss of future business due to reputational damage. TechForge is working diligently to restore affected services and strengthen its cyber defenses to prevent future attacks.
Source: https://www.nationalcrimeagency.gov.uk/what-we-do/crime-threats/cyber-crime
"id": "tec806050624",
"linkid": "techforge-ltd",
"type": "Ransomware",
"date": "03/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"