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Breach
2021
Threat actors walked away from a $1.8 million offer because the victim talked to the media?!

Threat actors walked away from a $1.8 million offer because the victim talked to the media?!

Table of Contents

Incident Details

An agreement with the Crinetics organization could not be reached due to their unethical conduct. Directives were given to the affected party explicitly advising against communicating with the media, which encompassed refraining from addressing the breach to the media. Crinetics disregarded these instructions and communicated with Recorded Future, minimizing both the incident and the data involved. Consequently, their offer of $1.8 million USD was declined, and all communications have been terminated.

Incident

How Did the Breach Happen?

The breach was a result of Crinetics choosing to interact with the media despite being advised against doing so.

What Data has been Compromised?

The specific data that was affected by the breach was not clearly stated in the information that was given.

Why Did the company's Security Measures Fail?

The company's security protocols were ineffective as they could not manage the victim's interactions with the press.

What Immediate Impact Did the Breach Have on the company?

The breach resulted in an instant breakdown of communication and unsuccessful negotiations with Crinetics because of their interaction with the media.

How could this have been prevented?

To avoid this breach, it could have been prevented by making sure that the victim followed instructions strictly and putting in place measures to stop unauthorized media communications.

What have we learned from this data breach?

This incident has taught us the significance of managing communication protocols and the influence of media involvement in the process of securing agreements after a breach.

Summary of Coverage

The breach caused unsuccessful discussions with Crinetics as they disregarded instructions and interacted with the media, which led to the rejection of a settlement proposal.

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