Incident Score: Analysis & Impact (KRAGAL1776111934)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of Galaxy'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 Galaxy 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 Galaxy breach identified under incident ID KRAGAL1776111934.
The analysis begins with a detailed overview of Galaxy's information like the linkedin page: https://www.linkedin.com/company/galaxyhq, the number of followers: 67339, the industry type: Financial Services and the number of employees: 2376 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 779 and after the incident was 708 with a difference of -71 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 Galaxy and their customers.
Kraken recently reported "Kraken Faces Extortion Attempt After Insider Security Incidents", a noteworthy cybersecurity incident.
Cryptocurrency exchange Kraken disclosed an extortion attempt by a criminal group threatening to release videos allegedly showing unauthorized access to internal systems containing client data.
The disruption is felt across the environment, affecting Internal systems (support team access), and exposing Client data potentially exposed, with nearly Potentially 2000 accounts records at risk.
In response, teams activated the incident response plan, moved swiftly to contain the threat with measures like Access revoked, additional security controls implemented, and began remediation that includes User notifications, collaboration with law enforcement, and stakeholders are being briefed through Public disclosure, emphasis on client fund security.
The case underscores how Ongoing (collaboration with law enforcement and industry partners), teams are taking away lessons such as Persistent security challenges in the crypto industry due to high-value assets and human vulnerabilities. Insider threats require robust monitoring and access controls, and recommending next steps like Enhance insider threat detection, implement stricter access controls, and collaborate with industry partners to combat insider recruitment campaigns, with advisories going out to stakeholders covering Clients notified, emphasis on fund security.
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 Valid Accounts: Cloud Accounts (T1078.004) with high confidence (90%), with evidence including rogue employees within its support team, and unauthorized access to internal systems. Under the Persistence tactic, the analysis identified Valid Accounts: Cloud Accounts (T1078.004) with moderate to high confidence (80%), supported by evidence indicating two separate incidents in 2025 involving rogue employees. Under the Privilege Escalation tactic, the analysis identified Valid Accounts: Cloud Accounts (T1078.004) with moderate to high confidence (70%), supported by evidence indicating support team...unauthorized access to internal systems. Under the Defense Evasion tactic, the analysis identified Use Alternate Authentication Material: Application Access Token (T1550.001) with moderate confidence (60%), supported by evidence indicating videos allegedly showing unauthorized access and Valid Accounts: Cloud Accounts (T1078.004) with moderate to high confidence (80%), supported by evidence indicating rogue employees...swiftly contained. Under the Credential Access tactic, the analysis identified Unsecured Credentials: Private Keys (T1552.004) with moderate confidence (50%), supported by evidence indicating client data potentially exposed via internal systems. Under the Collection tactic, the analysis identified Data from Local System (T1005) with moderate to high confidence (80%), supported by evidence indicating videos allegedly showing unauthorized access to internal systems and Data from Information Repositories: Code Repositories (T1213.003) with moderate confidence (60%), supported by evidence indicating client data potentially exposed. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate to high confidence (70%), supported by evidence indicating videos...circulating on a criminal forum and Exfiltration Over Web Service: Exfiltration to Cloud Storage (T1567.002) with moderate confidence (60%), supported by evidence indicating threatening to release videos. Under the Impact tactic, the analysis identified Defacement: Internal Defacement (T1491.001) with moderate confidence (50%), supported by evidence indicating videos allegedly showing unauthorized access and Service Stop (T1489) with lower confidence (40%), supported by evidence indicating additional security controls implemented. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- Galaxy Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/galaxyhq/incident/KRAGAL1776111934
- Galaxy CyberSecurity Rating page: https://www.rankiteo.com/company/galaxyhq
- Galaxy Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/kragal1776111934-kraken-galaxy-digital-breach-february-2025/
- Galaxy CyberSecurity Score History: https://www.rankiteo.com/company/galaxyhq/history
- Galaxy CyberSecurity Incident Source: https://www.coindesk.com/business/2026/04/13/crypto-exchange-kraken-targeted-in-extortion-attempt-but-says-there-was-no-breach-and-no-client-funds-at-risk
- Rankiteo A.I CyberSecurity Rating methodology: https://www.rankiteo.com/Images/rankiteo_algo.pdf
- Rankiteo TPRM Scoring methodology: https://static.rankiteo.com/model/rankiteo_tprm_methodology.pdf