In March 2023, TechFlow Inc., a leading software development firm, fell victim to a sophisticated ransomware attack. Cybercriminals exploited a known but unpatched vulnerability in the company's file storage system, encrypting vital development documents and customer data. The attackers demanded a significant ransom for the decryption key. This disruption not only halted the company's operations but also led to the potential exposure of sensitive customer data, including personal and financial information. The incident created a domino effect, causing delays in product development, undermining customer trust, and resulting in a temporary dip in the company's stock price. Despite efforts to recover the encrypted data, the full impact of the data breach, including long-term reputational damage, remains uncertain. TechFlow Inc. is currently working with cybersecurity experts to bolster their defense mechanisms and prevent future incidents.
Source: https://www.crowdstrike.com/cybersecurity-101/cyberattacks/most-common-types-of-cyberattacks/
"id": "tec904050624",
"linkid": "techflow-inc",
"type": "Breach",
"date": "04/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"