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Analyze » Chainalysis » CHA1773261304

Incident Score: Analysis & Impact (CHA1773261304)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-312
Company Score Before Incident761 / 1000
Company Score After Incident449 / 1000
Company LinkView Chainalysis Profile
INCIDENT NUMBERCHA1773261304
Type of Cyber IncidentRansomware
ATTACK VECTORNA
DATA EXPOSEDNA
INCIDENT DATE06/02/2024
STATUSpublished

Key Highlights From The Incident Analysis

  • Timeline of Chainalysis'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 Chainalysis 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 Chainalysis breach identified under incident ID CHA1773261304.

The analysis begins with a detailed overview of Chainalysis's information like the linkedin page: https://www.linkedin.com/company/chainalysis, the number of followers: 170598, the industry type: Software Development and the number of employees: 764 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 761 and after the incident was 449 with a difference of -312 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 Chainalysis and their customers.

A newly reported cybersecurity incident, "Ransomware Payments Hit Record $1.1 Billion in 2023", has drawn attention.

After a brief dip in 2022, ransomware attacks surged to unprecedented levels in 2023, with victims paying over $1.1 billion, the highest annual total on record.

The disruption is felt across the environment, plus an estimated financial loss of $1.1 billion.

Formal response steps have not been shared publicly yet.

Overall, the incident is a reminder of why proactive monitoring and strong governance matter.

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 ransomware attacks surged to unprecedented levels in 2023, Supply Chain Compromise (T1195) with lower confidence (30%), supported by evidence indicating high-profile nature of ransomware acts as a recruiting tool, and Phishing (T1566) with moderate confidence (60%), supported by evidence indicating sharp increase in attacks, with 4,399 ransomware incidents in 2023. Under the Execution tactic, the analysis identified User Execution: Malicious File (T1204.002) with moderate to high confidence (70%), supported by evidence indicating ransomware attacks surged to unprecedented levels in 2023. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with high confidence (90%), supported by evidence indicating ransomware attacks...victims paying over $1.1 billion. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate to high confidence (70%), supported by evidence indicating high-profile nature of ransomware acts as a recruiting tool. Under the Command and Control tactic, the analysis identified Application Layer Protocol (T1071) with moderate confidence (60%), supported by evidence indicating ransomware payments hit a record $1.1 billion in 2023. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.

Initial Access
Exploit Public-Facing Application (50%)
Supply Chain Compromise (30%)
Phishing (60%)
Execution
User Execution: Malicious File (70%)
Impact
Data Encrypted for Impact (90%)
Exfiltration
Exfiltration Over C2 Channel (70%)
Command and Control
Application Layer Protocol (60%)

Sources & References