Incident Score: Analysis & Impact (OBJOMD1788949790)
The details regarding individual company incidents & reports gives you full view from every side.
Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of Object First'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 Object First 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 Object First breach identified under incident ID OBJOMD1788949790.
The analysis begins with a detailed overview of Object First's information like the linkedin page: https://www.linkedin.com/company/objectfirst, the number of followers: 40624, the industry type: IT Services and IT Consulting and the number of employees: 290 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 753 and after the incident was 643 with a difference of -110 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 Object First and their customers.
A newly reported cybersecurity incident, "Ransomware Attacks Surge, Recovery Challenges Worsen for Businesses", has drawn attention.
A recent study by Object First and Omdia reveals a sharp rise in ransomware attacks, with 84% of businesses reporting severe operational disruptions over the past two years—a 20% increase from the previous year.
The disruption is felt across the environment, affecting True, and exposing True, plus an estimated financial loss of True.
In response, while recovery efforts such as Comprehensive backup strategies, Tested recovery plans and Proactive incident response continue.
The case underscores how teams are taking away lessons such as Ransomware has evolved into a business continuity crisis, demanding equal focus on prevention, detection, and recovery to prevent attacks from spiraling into prolonged operational failures, and recommending next steps like Comprehensive backup strategies, Tested recovery plans and Proactive incident response.
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 Phishing (T1566) with high confidence (90%), with evidence including advanced phishing tactics, and attack vector includes advanced phishing tactics and Exploit Public-Facing Application (T1190) with moderate confidence (50%), supported by evidence indicating adaptive malware to bypass traditional security measures. Under the Execution tactic, the analysis identified User Execution: Malicious File (T1204.002) with moderate to high confidence (80%), supported by evidence indicating adaptive malware leveraged by attackers and Command and Scripting Interpreter (T1059) with moderate to high confidence (70%), supported by evidence indicating aI-driven automation used in attacks. Under the Defense Evasion tactic, the analysis identified Obfuscated Files or Information (T1027) with moderate to high confidence (80%), supported by evidence indicating adaptive malware to bypass traditional security measures and Impair Defenses: Disable or Modify Tools (T1562.001) with moderate confidence (60%), supported by evidence indicating aI-driven automation used to bypass security. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with high confidence (90%), supported by evidence indicating data encryption such as true in ransomware details and Defacement (T1491) with moderate confidence (50%), supported by evidence indicating brand reputation impact such as true. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate confidence (60%), supported by evidence indicating severe operational disruptions, data compromised. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- Object First Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/objectfirst/incident/OBJOMD1788949790
- Object First CyberSecurity Rating page: https://www.rankiteo.com/company/objectfirst
- Object First Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/objomd1788949790-omdia-object-first-ransomware-september-2024/
- Object First CyberSecurity Score History: https://www.rankiteo.com/company/objectfirst/history
- Object First CyberSecurity Incident Source: https://www.cybersecurity-insiders.com/as-ransomware-attacks-become-common-recovery-rates-worsen/
- 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