Incident Score: Analysis & Impact (BEA1770359867)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of The Beacon Mutual Insurance Company's Ransomware and lateral movement inside company's environment.
- Overview of affected data sets, including SSNs and PHI, and why they materially increase incident severity.
- How Rankiteo’s incident engine converts technical details into a normalized incident score.
- How this cyber incident impacts The Beacon Mutual Insurance Company Rankiteo cyber scoring and cyber rating.
- Rankiteo’s MITRE ATT&CK correlation analysis for this incident, with associated confidence level.
Full Incident Analysis Transcript
In this Rankiteo incident briefing, we review the The Beacon Mutual Insurance Company breach identified under incident ID BEA1770359867.
The analysis begins with a detailed overview of The Beacon Mutual Insurance Company's information like the linkedin page: https://www.linkedin.com/company/beacon-mutual-insurance, the number of followers: 1768, the industry type: Insurance and the number of employees: 160 employees
After the initial compromise, the video explains how Rankiteo's incident engine converts technical details into a normalized incident score. The incident score before the incident was 536 and after the incident was 416 with a difference of -120 which is could be a good indicator of the severity and impact of the incident.
In the next step of the video, we will analyze in more details the incident and the impact it had on The Beacon Mutual Insurance Company and their customers.
On 25 January 2025, Beacon Mutual Insurance Company disclosed Ransomware issues under the banner "Beacon Mutual Insurance Hit by Ransomware Attack".
Beacon Mutual Insurance Company, Rhode Island’s leading provider of workers’ compensation insurance, confirmed a ransomware attack on January 14.
The disruption is felt across the environment, affecting Select systems (proactively disconnected), and exposing 275 GB of sensitive data.
In response, moved swiftly to contain the threat with measures like Proactively disconnected select systems, while recovery efforts such as Normal operations resumed by January 20 continue, and stakeholders are being briefed through Public disclosure on January 25.
The case underscores how Ongoing, with advisories going out to stakeholders covering Affected individuals will be notified if personal information was compromised.
Finally, we try to match the incident with the MITRE ATT&CK framework to see if there is any correlation between the incident and the MITRE ATT&CK framework.
The MITRE ATT&CK framework is a knowledge base of techniques and sub-techniques that are used to describe the tactics and procedures of cyber adversaries. It is a powerful tool for understanding the threat landscape and for developing effective defense strategies.
MITRE ATT&CK® Correlation Analysis
Rankiteo's analysis has identified several MITRE ATT&CK tactics and techniques associated with this incident, each with varying levels of confidence based on available evidence. Under the Initial Access tactic, the analysis identified Exploit Public-Facing Application (T1190) with moderate confidence (50%), supported by evidence indicating select systems were proactively disconnected to contain the threat and Valid Accounts (T1078) with moderate confidence (60%), supported by evidence indicating iNC Ransom operates as ransomware-as-a-service (RaaS). Under the Execution tactic, the analysis identified User Execution: Malicious File (T1204.002) with moderate to high confidence (70%), supported by evidence indicating ransomware attack on January 14. Under the Credential Access tactic, the analysis identified OS Credential Dumping (T1003) with moderate to high confidence (70%), supported by evidence indicating employee and claimant personal information (Social Security numbers). Under the Collection tactic, the analysis identified Data from Local System (T1005) with high confidence (90%), supported by evidence indicating 275 GB of sensitive data, including internal documents, financial reports and Data from Information Repositories (T1213) with moderate to high confidence (80%), supported by evidence indicating client databases and system backups exfiltrated. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with high confidence (90%), supported by evidence indicating 275 GB of sensitive data exfiltrated by INC Ransom. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with lower confidence (40%), supported by evidence indicating ransomware attack, though production environment was not encrypted and Inhibit System Recovery (T1490) with moderate confidence (60%), supported by evidence indicating system backups exfiltrated, potential disruption to recovery. Under the Defense Evasion tactic, the analysis identified Obfuscated Files or Information (T1027) with moderate to high confidence (70%), supported by evidence indicating iNC Ransom uses partial encryption and multithreading for faster attacks and Impair Defenses: Disable or Modify Tools (T1562.001) with moderate confidence (60%), supported by evidence indicating select systems were proactively disconnected to contain the threat. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- The Beacon Mutual Insurance Company Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/beacon-mutual-insurance/incident/BEA1770359867
- The Beacon Mutual Insurance Company CyberSecurity Rating page: https://www.rankiteo.com/company/beacon-mutual-insurance
- The Beacon Mutual Insurance Company Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/bea1770359867-beacon-mutual-insurance-company-ransomware-february-2026/
- The Beacon Mutual Insurance Company CyberSecurity Score History: https://www.rankiteo.com/company/beacon-mutual-insurance/history
- The Beacon Mutual Insurance Company CyberSecurity Incident Source: https://rhodeislandcurrent.com/2026/02/05/beacon-mutual-hit-by-ransomware-attack/
- Rankiteo A.I CyberSecurity Rating methodology: https://www.rankiteo.com/Images/rankiteo_algo.pdf
- Rankiteo TPRM Scoring methodology: https://static.rankiteo.com/model/rankiteo_tprm_methodology.pdf