Incident Score: Analysis & Impact (HAV1769461432)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of Purpose Financial'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 Purpose Financial 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 Purpose Financial breach identified under incident ID HAV1769461432.
The analysis begins with a detailed overview of Purpose Financial's information like the linkedin page: https://www.linkedin.com/company/havepurpose, the number of followers: 6267, the industry type: Financial Services and the number of employees: 444 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 756 and after the incident was 620 with a difference of -136 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 Purpose Financial and their customers.
Purpose Financial (formerly Advance America) recently reported "Purpose Financial Data Breach Settlement", a noteworthy cybersecurity incident.
A $7.75 million class action settlement has been reached with Purpose Financial (formerly Advance America) over a February 2023 data breach that exposed sensitive consumer information, including names and Social Security numbers.
The disruption is felt across the environment, and exposing Names, Social Security numbers, plus an estimated financial loss of $7.75M settlement.
In response, and stakeholders are being briefed through Data breach notification letters with Unique ID and PIN.
The case underscores how Settled, with advisories going out to stakeholders covering Eligible consumers can claim payouts by February 2, 2026. Payments vary based on documentation (up to $5,000 for expenses, ~$50 base payout, +$50 for California residents).
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 alleged inadequate cybersecurity measures and Trusted Relationship (T1199) with lower confidence (40%), supported by evidence indicating financial services company with consumer data access. Under the Credential Access tactic, the analysis identified Unsecured Credentials (T1552) with moderate confidence (60%), supported by evidence indicating alleged inadequate cybersecurity measures and Credentials In Files (T1552.001) with moderate confidence (50%), supported by evidence indicating exposed names and Social Security numbers. Under the Collection tactic, the analysis identified Data from Local System (T1005) with moderate to high confidence (70%), supported by evidence indicating compromised names and Social Security numbers and Data from Information Repositories (T1213) with moderate confidence (60%), supported by evidence indicating financial services company with consumer data. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate to high confidence (70%), supported by evidence indicating data breach exposing sensitive consumer information and Transfer Data to Cloud Account (T1537) with lower confidence (40%), supported by evidence indicating no details on exfiltration method provided. Under the Impact tactic, the analysis identified Data Destruction (T1485) with lower confidence (30%), supported by evidence indicating no evidence of data destruction, but breach occurred and Data Manipulation: Transmitted Data Manipulation (T1565.002) with lower confidence (40%), supported by evidence indicating identity theft risk noted as high. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- Purpose Financial Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/havepurpose/incident/HAV1769461432
- Purpose Financial CyberSecurity Rating page: https://www.rankiteo.com/company/havepurpose
- Purpose Financial Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/hav1769461432-purpose-financial-breach-february-2023/
- Purpose Financial CyberSecurity Score History: https://www.rankiteo.com/company/havepurpose/history
- Purpose Financial CyberSecurity Incident Source: https://www.the-sun.com/money/15842910/purpose-financial-cash-advance-data-breach-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