Incident Score: Analysis & Impact (MOV1778524251)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of moveIT Software's Vulnerability 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 moveIT Software 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 moveIT Software breach identified under incident ID MOV1778524251.
The analysis begins with a detailed overview of moveIT Software's information like the linkedin page: https://www.linkedin.com/company/moveit-software, the number of followers: 94, the industry type: Software Development and the number of employees: 27 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 754 and after the incident was 748 with a difference of -6 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 moveIT Software and their customers.
On 27 May 2023, Union Bank & Trust Co. disclosed Data Breach issues under the banner "Union Bank & Trust MOVEit Data Breach Settlement".
Union Bank & Trust Co.
The disruption is felt across the environment, affecting MOVEit file transfer software, and exposing Personal information, including Social Security numbers and names, plus an estimated financial loss of $2,400,000 (settlement amount).
In response, and stakeholders are being briefed through Settlement administrators notified affected customers.
The case underscores how Settled, teams are taking away lessons such as Growing legal and financial risks companies face from third-party cybersecurity failures, with advisories going out to stakeholders covering Affected customers notified by settlement administrators.
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 high confidence (90%), supported by evidence indicating breach stemmed from a vulnerability in MOVEit, a file transfer software provider. Under the Credential Access tactic, the analysis identified Unsecured Credentials: Credentials In Files (T1552.001) with moderate to high confidence (70%), supported by evidence indicating social Security numbers and names exposed via file transfer software. Under the Collection tactic, the analysis identified Data from Local System (T1005) with moderate to high confidence (80%), supported by evidence indicating personal information, including Social Security numbers and names, was exposed. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate to high confidence (70%), supported by evidence indicating data breach exposed customers personal information between May 27 and 31, 2023 and Exfiltration Over Web Service: Exfiltration to Cloud Storage (T1567.002) with moderate confidence (60%), supported by evidence indicating mOVEit file transfer software vulnerability exploited for data exposure. Under the Impact tactic, the analysis identified Data Destruction (T1485) with lower confidence (30%), supported by evidence indicating data breach with high identity theft risk (Social Security numbers exposed) and Data Manipulation: Stored Data Manipulation (T1565.001) with lower confidence (40%), supported by evidence indicating third-party cybersecurity failure led to data exposure. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- moveIT Software Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/moveit-software/incident/MOV1778524251
- moveIT Software CyberSecurity Rating page: https://www.rankiteo.com/company/moveit-software
- moveIT Software Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/mov1778524251-moveit-vulnerability-may-2023/
- moveIT Software CyberSecurity Score History: https://www.rankiteo.com/company/moveit-software/history
- moveIT Software CyberSecurity Incident Source: https://www.the-sun.com/money/16344758/union-bank-trust-data-breach-class-action-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