Incident Score: Analysis & Impact (HAF1764605449)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of Hafetz and Associates'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 Hafetz and Associates 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 Hafetz and Associates breach identified under incident ID HAF1764605449.
The analysis begins with a detailed overview of Hafetz and Associates's information like the linkedin page: https://www.linkedin.com/company/hafetz-and-associates, the number of followers: 321, the industry type: Insurance and the number of employees: 31 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 751 and after the incident was 617 with a difference of -134 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 Hafetz and Associates and their customers.
On 01 October 2023, Hafetz & Associates LLC disclosed Data Breach issues under the banner "Hafetz & Associates $505K Data Breach Class Action Settlement".
Hafetz & Associates LLC agreed to pay $505,000 to settle a class action lawsuit after a data breach discovered in October 2023 compromised personal information of approximately 31,590 individuals.
The disruption is felt across the environment, and exposing Names, Social Security numbers and Driver’s license numbers, with nearly 31,590 records at risk, plus an estimated financial loss of $505,000 (settlement amount).
In response, while recovery efforts such as Class action settlement offering reimbursement (up to $10,000) and credit monitoring to affected individuals continue, and stakeholders are being briefed through Notice letters sent to affected individuals (between July 24, 2023, and Oct. 12, 2023).
The case underscores how Settled (class action lawsuit resolved), with advisories going out to stakeholders covering Notice letters sent to 31,590 affected individuals.
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 (T1078) with moderate to high confidence (70%), supported by evidence indicating failure to adequately protect personal information (implied unauthorized access via compromised credentials or weak security). Under the Collection tactic, the analysis identified Data from Local System (T1005) with high confidence (90%), supported by evidence indicating names, SSNs, driver’s license numbers, financial account details, insurance info compromised. Under the Exfiltration tactic, the analysis identified Exfiltration Over Alternative Protocol (T1048) with moderate to high confidence (80%), supported by evidence indicating data accessed by unauthorized parties (implied exfiltration of 31,590 records). Under the Impact tactic, the analysis identified Data from Cloud Storage Object (T1598) with moderate confidence (60%), supported by evidence indicating sensitivity of data such as High (SSNs, financial details) (potential cloud/DB storage target) and Data Destruction (T1485) with lower confidence (30%), supported by evidence indicating no explicit destruction mentioned, but failure to protect suggests possible data misuse. Under the Credential Access tactic, the analysis identified Credentials from Password Stores (T1555) with moderate confidence (50%), supported by evidence indicating high identity theft risk (implies potential credential harvesting alongside PII). These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- Hafetz and Associates Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/hafetz-and-associates/incident/HAF1764605449
- Hafetz and Associates CyberSecurity Rating page: https://www.rankiteo.com/company/hafetz-and-associates
- Hafetz and Associates Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/haf1764605449-hafetz-and-associates-breach-october-2023/
- Hafetz and Associates CyberSecurity Score History: https://www.rankiteo.com/company/hafetz-and-associates/history
- Hafetz and Associates CyberSecurity Incident Source: https://www.claimdepot.com/settlements/hafetz-data-settlement
- 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