TechGlobal Inc.

TechGlobal Inc., a leading provider in innovative cloud solutions, faced a significant ransomware attack in June 2023, leading to operational disruptions. The attackers encrypted critical data and demanded a hefty ransom. Despite rapid response efforts, the company experienced temporary service outages affecting thousands of global clients. The attack highlighted vulnerabilities in the company's cybersecurity framework, prompting a comprehensive security overhaul. The incident's financial impact is estimated at $5 million, considering direct ransom expenses, system recovery costs, and lost revenue due to service interruptions. Moreover, the attack dented the company's reputation, leading to a temporary decline in stock value.

Source: https://spin.ai/resources/ransomware-tracker/

TPRM report: https://scoringcyber.rankiteo.com/company/techglobal-inc

"id": "tec812050624",
"linkid": "techglobal-inc",
"type": "Ransomware",
"date": "06/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'customers_affected': 'Thousands of global clients',
                        'industry': 'Cloud Solutions',
                        'name': 'TechGlobal Inc.',
                        'type': 'Company'}],
 'data_breach': {'data_encryption': 'Encrypted critical data'},
 'date_detected': 'June 2023',
 'description': 'TechGlobal Inc., a leading provider in innovative cloud '
                'solutions, faced a significant ransomware attack in June '
                '2023, leading to operational disruptions. The attackers '
                'encrypted critical data and demanded a hefty ransom. Despite '
                'rapid response efforts, the company experienced temporary '
                'service outages affecting thousands of global clients. The '
                "attack highlighted vulnerabilities in the company's "
                'cybersecurity framework, prompting a comprehensive security '
                "overhaul. The incident's financial impact is estimated at $5 "
                'million, considering direct ransom expenses, system recovery '
                'costs, and lost revenue due to service interruptions. '
                "Moreover, the attack dented the company's reputation, leading "
                'to a temporary decline in stock value.',
 'impact': {'brand_reputation_impact': 'Dented reputation',
            'downtime': 'Temporary service outages',
            'financial_loss': '$5 million',
            'operational_impact': 'Operational disruptions',
            'revenue_loss': 'Lost revenue due to service interruptions',
            'systems_affected': 'Critical data'},
 'motivation': 'Financial Gain',
 'ransomware': {'data_encryption': 'Encrypted critical data',
                'ransom_demanded': 'Hefty ransom'},
 'response': {'remediation_measures': 'Comprehensive security overhaul'},
 'title': 'Ransomware Attack on TechGlobal Inc.',
 'type': 'Ransomware Attack'}