Incident Score: Analysis & Impact (IBM1785328112)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of IBM'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 IBM 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 IBM breach identified under incident ID IBM1785328112.
The analysis begins with a detailed overview of IBM's information like the linkedin page: https://www.linkedin.com/company/ibm, the number of followers: 19659540, the industry type: IT Services and IT Consulting and the number of employees: 336062 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 823 and after the incident was 793 with a difference of -30 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 IBM and their customers.
A newly reported cybersecurity incident, "Canadian Data Breach Costs and Detection Times Hit Record Highs", has drawn attention.
A recent IBM report reveals that the average cost of a data breach in Canada has risen, alongside longer detection and containment times.
The disruption is felt across the environment, plus an estimated financial loss of Higher expenses per incident.
In response, and began remediation that includes Remediation efforts.
The case underscores how teams are taking away lessons such as Escalating challenges for Canadian organizations in managing cyber risks amid evolving threats.
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 digital transformation has further expanded attack surfaces and External Remote Services (T1133) with moderate confidence (60%), supported by evidence indicating rise in remote work...complicating cybersecurity defenses. Under the Credential Access tactic, the analysis identified Brute Force (T1110) with lower confidence (40%), supported by evidence indicating cyber threats become more sophisticated and Unsecured Credentials (T1552) with moderate confidence (50%), supported by evidence indicating longer detection and containment times leaving systems exposed. Under the Collection tactic, the analysis identified Data from Local System (T1005) with moderate to high confidence (70%), supported by evidence indicating industries like healthcare, finance...remain prime targets. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate confidence (60%), supported by evidence indicating higher expenses per incident driven by...remediation efforts. Under the Impact tactic, the analysis identified Data Destruction (T1485) with lower confidence (40%), supported by evidence indicating reputational damage and regulatory fines and Defacement (T1491) with lower confidence (30%), supported by evidence indicating escalating challenges in managing cyber risks. Under the Defense Evasion tactic, the analysis identified Valid Accounts (T1078) with moderate confidence (50%), supported by evidence indicating longer detection and containment times and Disable or Modify Tools (T1562.001) with lower confidence (40%), supported by evidence indicating cyber threats become more sophisticated. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- IBM Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/ibm/incident/IBM1785328112
- IBM CyberSecurity Rating page: https://www.rankiteo.com/company/ibm
- IBM Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/ibm1785328112-ibm-breach-november-2017/
- IBM CyberSecurity Score History: https://www.rankiteo.com/company/ibm/history
- IBM CyberSecurity Incident Source: https://www.ctvnews.ca/sci-tech/article/average-canadian-data-breach-costs-and-detection-times-are-rising-ibm-report/
- 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