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Analyze » Citi » CITJPM1776832106

Incident Score: Analysis & Impact (CITJPM1776832106)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-43
Company Score Before Incident831 / 1000
Company Score After Incident788 / 1000
Company LinkView Citi Profile
INCIDENT NUMBERCITJPM1776832106
Type of Cyber IncidentBreach
ATTACK VECTORhacking, malware, social_engineering, third-party_vulnerabilities, API_exploits
DATA EXPOSEDpersonal_data (54%), internal_organizational_data (35%), credentials...
INCIDENT DATE31/12/2024
STATUSpublished

Key Highlights From The Incident Analysis

  • Timeline of Citi's Breach 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 Citi 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 Citi breach identified under incident ID CITJPM1776832106.

The analysis begins with a detailed overview of Citi's information like the linkedin page: https://www.linkedin.com/company/citi, the number of followers: 5098515, the industry type: Financial Services and the number of employees: 200467 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 831 and after the incident was 788 with a difference of -43 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 Citi and their customers.

JPMorgan Chase recently reported "Cyber Threats in Finance: 2025’s Rising Risks and Evolving Attack Tactics", a noteworthy cybersecurity incident.

In 2025, financially motivated cyberattacks dominated the financial sector, driving 90% of breaches targeting banks, insurers, and payment processors.

The disruption is felt across the environment, affecting banks, insurers and payment_processors, and exposing personal_data (54%), internal_organizational_data (35%) and credentials (22%), plus an estimated financial loss of $5.56 million (average per incident).

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 to high confidence (80%), supported by evidence indicating vulnerable file transfer solutions, managed service platforms, and APIs served as common entry points, Trusted Relationship (T1199) with high confidence (90%), supported by evidence indicating supply chain compromises played a role in 30% of financial sector breaches, Phishing: Spearphishing Attachment (T1566.001) with moderate to high confidence (70%), supported by evidence indicating generative AI amplified social engineering, producing contextually accurate phishing emails, and Phishing: Spearphishing Link (T1566.002) with moderate to high confidence (70%), supported by evidence indicating social engineering (25%) as primary attack vector. Under the Execution tactic, the analysis identified User Execution: Malicious File (T1204.002) with moderate to high confidence (80%), supported by evidence indicating malware (37%) as primary attack vector and Command and Scripting Interpreter: PowerShell (T1059.001) with moderate confidence (60%), supported by evidence indicating adaptive malware evaded signature-based detection by dynamically altering behavior. Under the Persistence tactic, the analysis identified Valid Accounts (T1078) with high confidence (90%), supported by evidence indicating attackers leveraged stolen credentials for persistent network access and Create Account (T1136) with moderate confidence (50%), supported by evidence indicating fraud-as-a-service offerings on underground markets. Under the Privilege Escalation tactic, the analysis identified Valid Accounts (T1078) with moderate to high confidence (80%), supported by evidence indicating credentials (22%) compromised, used for persistent access and Exploitation for Privilege Escalation (T1068) with moderate confidence (60%), supported by evidence indicating zero-day vulnerabilities exploited by state-aligned APT actors. Under the Defense Evasion tactic, the analysis identified Obfuscated Files or Information (T1027) with moderate to high confidence (80%), supported by evidence indicating adaptive malware evaded signature-based detection by dynamically altering behavior, Impair Defenses: Disable or Modify Tools (T1562.001) with moderate confidence (60%), supported by evidence indicating aI-driven attack tools compressing attack timelines, and Indicator Removal: Clear Windows Event Logs (T1070.001) with moderate confidence (50%), supported by evidence indicating state-aligned APT actors maintaining long-term access. Under the Credential Access tactic, the analysis identified Adversary-in-the-Middle (T1557) with moderate to high confidence (70%), supported by evidence indicating credentials (22%) compromised, used for fraud and resale, Brute Force: Password Guessing (T1110.001) with moderate confidence (50%), supported by evidence indicating fraud-as-a-service offerings on underground markets, and Credentials from Password Stores (T1555) with moderate to high confidence (70%), supported by evidence indicating internal organizational data (35%) compromised. Under the Discovery tactic, the analysis identified Account Discovery: Domain Account (T1087.002) with moderate to high confidence (70%), supported by evidence indicating machine learning-powered scanning tools enabled faster reconnaissance and Network Service Discovery (T1046) with moderate confidence (60%), supported by evidence indicating third-party vulnerabilities exploited for initial access. Under the Collection tactic, the analysis identified Data from Local System (T1005) with high confidence (90%), supported by evidence indicating personal data (54%) and internal organizational data (35%) compromised and Automated Collection (T1119) with moderate to high confidence (70%), supported by evidence indicating aI-driven attack tools compressing attack timelines. Under the Command and Control tactic, the analysis identified Application Layer Protocol: Web Protocols (T1071.001) with moderate to high confidence (70%), supported by evidence indicating adaptive malware evaded signature-based detection and Ingress Tool Transfer (T1105) with moderate confidence (60%), supported by evidence indicating fraud-as-a-service offerings on underground markets. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with high confidence (90%), supported by evidence indicating ransomware shifted to data exfiltration over encryption and Exfiltration Over Web Service: Exfiltration to Cloud Storage (T1567.002) with moderate confidence (60%), supported by evidence indicating data exfiltration triggered regulatory disclosures. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with moderate confidence (50%), supported by evidence indicating ransomware (36% of incidents) sometimes included data encryption, Defacement: Internal Defacement (T1491.001) with lower confidence (40%), supported by evidence indicating hacktivist groups launched DDoS campaigns against banks, and Data Manipulation: Stored Data Manipulation (T1565.001) with moderate confidence (50%), supported by evidence indicating fraudulent invoices produced via generative AI. 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 (80%)
Trusted Relationship (90%)
Phishing: Spearphishing Attachment (70%)
Phishing: Spearphishing Link (70%)
Execution
User Execution: Malicious File (80%)
Command and Scripting Interpreter: PowerShell (60%)
Persistence
Valid Accounts (90%)
Create Account (50%)
Privilege Escalation
Valid Accounts (80%)
Exploitation for Privilege Escalation (60%)
Defense Evasion
Obfuscated Files or Information (80%)
Impair Defenses: Disable or Modify Tools (60%)
Indicator Removal: Clear Windows Event Logs (50%)
Credential Access
Adversary-in-the-Middle (70%)
Brute Force: Password Guessing (50%)
Credentials from Password Stores (70%)
Discovery
Account Discovery: Domain Account (70%)
Network Service Discovery (60%)
Collection
Data from Local System (90%)
Automated Collection (70%)
Command and Control
Application Layer Protocol: Web Protocols (70%)
Ingress Tool Transfer (60%)
Exfiltration
Exfiltration Over C2 Channel (90%)
Exfiltration Over Web Service: Exfiltration to Cloud Storage (60%)
Impact
Data Encrypted for Impact (50%)
Defacement: Internal Defacement (40%)
Data Manipulation: Stored Data Manipulation (50%)