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Analyze » Black Cat Security » BLA1777638523

Incident Score: Analysis & Impact (BLA1777638523)

The details regarding individual company incidents & reports gives you full view from every side.

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-235
Company Score Before Incident540 / 1000
Company Score After Incident305 / 1000
INCIDENT NUMBERBLA1777638523
Type of Cyber IncidentRansomware
ATTACK VECTORRansomware-as-a-Service (RaaS)
DATA EXPOSEDData stolen and encrypted
INCIDENT DATE31/03/2023
STATUSClosed (sentencing completed)

Key Highlights From The Incident Analysis

  • Timeline of Black Cat Security'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 Black Cat Security 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 Black Cat Security breach identified under incident ID BLA1777638523.

The analysis begins with a detailed overview of Black Cat Security's information like the linkedin page: https://www.linkedin.com/company/blackcat-security, the number of followers: 46, the industry type: Information Technology & Services and the number of employees: 53 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 540 and after the incident was 305 with a difference of -235 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 Black Cat Security and their customers.

A newly reported cybersecurity incident, "Two Cybersecurity Professionals Sentenced for Facilitating BlackCat Ransomware Attacks", has drawn attention.

The U.S.

The disruption is felt across the environment, and exposing Data stolen and encrypted, plus an estimated financial loss of $1.2 million (one victim case).

Formal response steps have not been shared publicly yet.

The case underscores how Closed (sentencing completed).

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 Phishing: Spearphishing Attachment (T1566.001) with lower confidence (40%), supported by evidence indicating leveraged their industry expertise to execute the attacks and Valid Accounts (T1078) with moderate to high confidence (80%), supported by evidence indicating cybersecurity professionals...exploited specialized cybersecurity knowledge. Under the Execution tactic, the analysis identified User Execution: Malicious File (T1204.002) with high confidence (90%), supported by evidence indicating deploying BlackCat ransomware against U.S. victims. Under the Persistence tactic, the analysis identified Account Manipulation (T1098) with moderate confidence (60%), supported by evidence indicating access to the ransomware and its extortion platform. Under the Privilege Escalation tactic, the analysis identified Valid Accounts (T1078) with moderate to high confidence (80%), supported by evidence indicating cybersecurity professionals...exploited their roles. Under the Defense Evasion tactic, the analysis identified Valid Accounts (T1078) with moderate to high confidence (80%), supported by evidence indicating leveraged their industry expertise to execute the attacks and Impair Defenses: Disable or Modify Tools (T1562.001) with moderate to high confidence (70%), supported by evidence indicating incident response manager...executed attacks rather than prevent them. Under the Credential Access tactic, the analysis identified Unsecured Credentials: Private Keys (T1552.004) with moderate confidence (50%), supported by evidence indicating disclosing victims’ insurance policy limits to BlackCat operators. Under the Discovery tactic, the analysis identified System Information Discovery (T1082) with moderate to high confidence (70%), supported by evidence indicating disclosing victims’ insurance policy limits to secure higher payouts. Under the Collection tactic, the analysis identified Data from Local System (T1005) with high confidence (90%), supported by evidence indicating data stolen and encrypted. Under the Command and Control tactic, the analysis identified Proxy (T1090) with moderate confidence (60%), supported by evidence indicating ransomware-as-a-Service (RaaS) operation. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with high confidence (90%), supported by evidence indicating data exfiltration such as Yes. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with high confidence (100%), supported by evidence indicating systems locked, data extortion;data encryption such as Yes and Service Stop (T1489) with moderate to high confidence (80%), supported by evidence indicating systems locked, data extortion. Under the Resource Development tactic, the analysis identified Obtain Capabilities: Malware (T1588.001) with high confidence (90%), supported by evidence indicating access to the ransomware and its extortion platform and Compromise Accounts (T1586) with moderate to high confidence (70%), supported by evidence indicating cybersecurity professionals...exploited their roles. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.

Initial Access
Phishing: Spearphishing Attachment (40%)
Valid Accounts (80%)
Execution
User Execution: Malicious File (90%)
Persistence
Account Manipulation (60%)
Privilege Escalation
Valid Accounts (80%)
Defense Evasion
Valid Accounts (80%)
Impair Defenses: Disable or Modify Tools (70%)
Credential Access
Unsecured Credentials: Private Keys (50%)
Discovery
System Information Discovery (70%)
Collection
Data from Local System (90%)
Command and Control
Proxy (60%)
Exfiltration
Exfiltration Over C2 Channel (90%)
Impact
Data Encrypted for Impact (100%)
Service Stop (80%)
Resource Development
Obtain Capabilities: Malware (90%)
Compromise Accounts (70%)

Sources & References