News and Updates on Information Technology

United Kingdom – Tissue Regenix

Exploit: Malware attack
Tissue Regenix: Medical technology company

Risk to Small Business: 1.888 = Severe: A malware attack forced Tissue Regenix to take its systems offline, which negatively impacted its short-term production capacity. Tissue Regenix hired cybersecurity experts to eradicate the malware, but the immediate financial repercussions were immense. The company’s shares dropped by 22% after the announcement. Researchers believe that the malware entered their network through a third-party, highlighting the importance of a 360-degree defensive posture that accounts for all possible risks.

Individual Risk: No personal information was compromised in the breach,

Customers Impacted: Unknown
How it Could Affect Your Customers’ Business: There are many ways that a data breach can impact a company’s financial outlook. In this case, the impact was immediate and intense. For businesses grappling with the cost of data security measures, this episode is a reminder that the cost of inaction can far exceed those of an effective cybersecurity strategy.