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Analyze » Freddie Mac » FRE1785752950

Incident Score: Analysis & Impact (FRE1785752950)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-98
Company Score Before Incident716 / 1000
Company Score After Incident618 / 1000
Company LinkView Freddie Mac Profile
INCIDENT NUMBERFRE1785752950
Type of Cyber IncidentBreach
ATTACK VECTORNA
DATA EXPOSEDSensitive data
INCIDENT DATE31/12/2023
STATUSpublished

Key Highlights From The Incident Analysis

  • Timeline of Freddie Mac'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 Freddie Mac 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 Freddie Mac breach identified under incident ID FRE1785752950.

The analysis begins with a detailed overview of Freddie Mac's information like the linkedin page: https://www.linkedin.com/company/freddie-mac, the number of followers: 197240, the industry type: Financial Services and the number of employees: 11144 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 716 and after the incident was 618 with a difference of -98 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 Freddie Mac and their customers.

Freddie Mac predecessor recently reported "Freddie Mac Predecessor Data Breach Lawsuit Settlement", a noteworthy cybersecurity incident.

A federal class action lawsuit over a 2024 data breach at a Freddie Mac predecessor has reached a $2 million settlement, pending court approval.

The disruption is felt across the environment, and exposing Sensitive data, plus an estimated financial loss of $2,000,000 (settlement amount).

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 breach exposed sensitive data, prompting legal action and Trusted Relationship (T1199) with lower confidence (40%), supported by evidence indicating freddie Mac predecessor; details of the hack remain limited. Under the Credential Access tactic, the analysis identified Unsecured Credentials (T1552) with moderate confidence (60%), supported by evidence indicating sensitive data exposed; financial institutions facing cybersecurity failures. Under the Collection tactic, the analysis identified Data from Local System (T1005) with moderate to high confidence (70%), supported by evidence indicating breach exposed sensitive data. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate confidence (60%), supported by evidence indicating data breach impacting impacted consumers and Exfiltration Over Web Service (T1567) with moderate confidence (50%), supported by evidence indicating financial institutions facing costly resolutions over cybersecurity failures. Under the Impact tactic, the analysis identified Data Destruction (T1485) with lower confidence (30%), supported by evidence indicating no further specifics on the breach’s scope and Defacement (T1491) with lower confidence (20%), supported by evidence indicating rising reputational risks tied to data breaches. 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%)
Trusted Relationship (40%)
Credential Access
Unsecured Credentials (60%)
Collection
Data from Local System (70%)
Exfiltration
Exfiltration Over C2 Channel (60%)
Exfiltration Over Web Service (50%)
Impact
Data Destruction (30%)
Defacement (20%)

Sources & References