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Analyze » Ferm Engineering Ltd, Ireland » FER1777955024

Incident Score: Analysis & Impact (FER1777955024)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-112
Company Score Before Incident750 / 1000
Company Score After Incident638 / 1000
INCIDENT NUMBERFER1777955024
Type of Cyber IncidentRansomware
ATTACK VECTORNA
DATA EXPOSEDNA
INCIDENT DATE11/10/2021
STATUSOngoing

Key Highlights From The Incident Analysis

  • Timeline of Ferm Engineering Ltd, Ireland'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 Ferm Engineering Ltd, Ireland 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 Ferm Engineering Ltd, Ireland breach identified under incident ID FER1777955024.

The analysis begins with a detailed overview of Ferm Engineering Ltd, Ireland's information like the linkedin page: https://www.linkedin.com/company/ferm-engineering-ltd, the number of followers: 380, the industry type: Services for Renewable Energy and the number of employees: 17 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 750 and after the incident was 638 with a difference of -112 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 Ferm Engineering Ltd, Ireland and their customers.

On 11 October 2021, a cybersecurity incident called "Ransomware Attack Targets Ballybofey Manufacturing Firm" came to light.

A well-known manufacturing company in Ballybofey, County Donegal, fell victim to a ransomware attack on the night of October 10, 2021, lasting into the early hours of October 11.

The disruption is felt across the environment, affecting Computer network.

Formal response steps have not been shared publicly yet.

The case underscores how Ongoing.

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 cybercriminals infiltrated the company’s computer network and External Remote Services (T1133) with lower confidence (40%), supported by evidence indicating attack disrupted operations for several hours. Under the Execution tactic, the analysis identified User Execution: Malicious File (T1204.002) with moderate confidence (60%), supported by evidence indicating ransomware attack freezing its systems. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with high confidence (90%), supported by evidence indicating systems frozen and demanding a ransom for restored access. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate confidence (50%), supported by evidence indicating ransomware attack with potential data exfiltration. Under the Defense Evasion tactic, the analysis identified Execution Guardrails (T1480) with lower confidence (40%), supported by evidence indicating attack occurred on the night of October 10, 2021 and Obfuscated Files or Information (T1027) with moderate confidence (50%), supported by evidence indicating ransomware attack freezing systems. 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%)
External Remote Services (40%)
Execution
User Execution: Malicious File (60%)
Impact
Data Encrypted for Impact (90%)
Exfiltration
Exfiltration Over C2 Channel (50%)
Defense Evasion
Execution Guardrails (40%)
Obfuscated Files or Information (50%)

Sources & References