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Analyze » Flexjet » FLEHON1766476588

Incident Score: Analysis & Impact (FLEHON1766476588)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-150
Company Score Before Incident760 / 1000
Company Score After Incident610 / 1000
INCIDENT NUMBERFLEHON1766476588
Type of Cyber IncidentBreach
ATTACK VECTORNA
DATA EXPOSEDNA
INCIDENT DATE28/02/2023
STATUSpublished

Key Highlights From The Incident Analysis

  • Timeline of Flexjet'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 Flexjet 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 Flexjet breach identified under incident ID FLEHON1766476588.

The analysis begins with a detailed overview of Flexjet's information like the linkedin page: https://www.linkedin.com/company/flexjet, the number of followers: 141218, the industry type: Aviation and Aerospace Component Manufacturing and the number of employees: 2556 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 760 and after the incident was 610 with a difference of -150 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 Flexjet and their customers.

On 30 October 2023, Honeywell disclosed Legal and Financial Dispute issues under the banner "Honeywell Potential Settlement for Flexjet-Linked Litigation".

Honeywell announced a one-time charge of about $470 million in Q4 2023 related to a potential settlement of litigation with Flexjet.

The disruption is felt across the environment, plus an estimated financial loss of $470 million (one-time charge).

In response, and stakeholders are being briefed through Public disclosure of financial charge and updated outlook.

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 Trusted Relationship (T1199) with moderate to high confidence (80%), supported by evidence indicating alleged breach of aircraft engine maintenance services agreement. Under the Impact tactic, the analysis identified Service Stoppage (T1489) with moderate to high confidence (70%), supported by evidence indicating delayed engine repairs for Flexjet and Financial Theft (T1657) with high confidence (90%), supported by evidence indicating $470 million one-time charge linked to litigation settlement. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.

Initial Access
Trusted Relationship (80%)
Impact
Service Stoppage (70%)
Financial Theft (90%)

Sources & References