In September 2023, Tech Innovations Inc. fell victim to a sophisticated ransomware attack initiated by exploiting a previously undetected vulnerability in their public-facing web application. The cybercriminals behind the attack managed to encrypt critical data, demanding a substantial ransom for the decryption keys. Due to effective backup strategies, the company managed to restore most of the encrypted data; however, the downtime caused significant operational disruptions and loss of revenue. Furthermore, news of the attack impacted the company's stock price and damaged its reputation among clients, leading to a few losing confidence in the company's cybersecurity measures.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec813050924",
"linkid": "tech-innovations-inc",
"type": "Vulnerability",
"date": "09/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"