Rankiteo Logo
Rankiteo
Leader in Cyber Underwriting
Loading...
NEWRankiteo Cyber Underwriting Desktop - Score, price, and bind from your desktop
WindowsmacOSLinux
Download
Analyze » Marquis » MAR1764814193

Incident Score: Analysis & Impact (MAR1764814193)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-199
Company Score Before Incident696 / 1000
Company Score After Incident497 / 1000
Company LinkView Marquis Profile
INCIDENT NUMBERMAR1764814193
Type of Cyber IncidentRansomware
ATTACK VECTORNA
DATA EXPOSEDSocial Security numbers, Bank account...
INCIDENT DATE13/08/2024
STATUSOngoing (state disclosures in progress)

Key Highlights From The Incident Analysis

  • Timeline of Marquis's Ransomware 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 Marquis 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 Marquis breach identified under incident ID MAR1764814193.

The analysis begins with a detailed overview of Marquis's information like the linkedin page: https://www.linkedin.com/company/marquis-software-solutions, the number of followers: 3020, the industry type: Financial Services and the number of employees: 309 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 696 and after the incident was 497 with a difference of -199 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 Marquis and their customers.

On 14 August 2024, Marquis (primary victim) disclosed Ransomware Attack / Data Breach issues under the banner "Ransomware Attack on Fintech Firm Marquis Exposes Data of 400,000+ Banking Customers".

A ransomware attack on Texas-based fintech firm Marquis exposed the personal and financial data of at least 400,000 banking customers across dozens of U.S.

The disruption is felt across the environment, and exposing Social Security numbers, Bank account details and Credit card information, with nearly 400,000+ records at risk.

In response, teams activated the incident response plan, while recovery efforts such as Ongoing customer notifications via state filings continue, and stakeholders are being briefed through State-level disclosures (e.g., Maine Attorney General).

The case underscores how Ongoing (state disclosures in progress), with advisories going out to stakeholders covering Notifications to affected banks/credit unions.

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 to high confidence (70%), with evidence including breach likely linked to the Akira ransomware gang that was targeting SonicWall customers, and akira ransomware gang (suspected) and Valid Accounts (T1078) with moderate confidence (60%), supported by evidence indicating marquis serves as a critical backend provider for over 700 banking and credit union customers. Under the Credential Access tactic, the analysis identified OS Credential Dumping (T1003) with moderate confidence (50%), supported by evidence indicating data exfiltration confirmed (implies post-compromise credential access likely). Under the Collection tactic, the analysis identified Data from Local System (T1005) with high confidence (95%), supported by evidence indicating stolen data including Social Security numbers, bank accounts, and credit card information and Data from Network Shared Drive (T1039) with moderate to high confidence (80%), supported by evidence indicating marquis serves as a critical backend provider... giving the company access to vast troves of consumer financial data. Under the Exfiltration tactic, the analysis identified Exfiltration Over Alternative Protocol (T1048) with high confidence (90%), with evidence including data exfiltration such as Confirmed, and stolen data including Social Security numbers, bank accounts, and credit card information. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with moderate to high confidence (85%), with evidence including type such as Ransomware Attack / Data Breach, and ransomware strain such as Akira (suspected) and Data Destruction (T1485) with moderate to high confidence (70%), supported by evidence indicating one of 2024s most damaging ransomware attacks (implies potential destructive actions). Under the Defense Evasion tactic, the analysis identified Indicator Removal: File Deletion (T1070.004) with moderate confidence (60%), supported by evidence indicating ransomware attack (typical TTP for Akira to delete logs/artifacts) and Impair Defenses: Disable or Modify Tools (T1562.001) with moderate confidence (60%), supported by evidence indicating akira ransomware gang (suspected) (known to disable security tools). These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.

Sources & References