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Analyze » PayPal » PAY1769571783

Incident Score: Analysis & Impact (PAY1769571783)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-14
Company Score Before Incident775 / 1000
Company Score After Incident761 / 1000
Company LinkView PayPal Profile
INCIDENT NUMBERPAY1769571783
Type of Cyber IncidentCyber Attack
ATTACK VECTORHacking
DATA EXPOSEDPayPal account access
INCIDENT DATE24/08/2020
STATUSOngoing

Key Highlights From The Incident Analysis

  • Timeline of PayPal's Cyber Attack 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 PayPal 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 PayPal breach identified under incident ID PAY1769571783.

The analysis begins with a detailed overview of PayPal's information like the linkedin page: https://www.linkedin.com/company/paypal, the number of followers: 1613716, the industry type: Software Development and the number of employees: 36670 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 775 and after the incident was 761 with a difference of -14 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 PayPal and their customers.

PayPal recently reported "Teenager Arrested in PayPal Hacking Investigation After Police Raid", a noteworthy cybersecurity incident.

A 15-year-old boy from Astley Road, Knowsley, was arrested on suspicion of hacking multiple UK PayPal accounts under Section 1 of the Computer Misuse Act 1990.

The disruption is felt across the environment, affecting PayPal accounts, and exposing PayPal account access.

In response, moved swiftly to contain the threat with measures like Arrest and seizure of electronics, and began remediation that includes Advisory to enable two-factor authentication, and stakeholders are being briefed through Public advisory by Merseyside Police.

The case underscores how Ongoing, teams are taking away lessons such as Growing trend of juvenile cybercrime; importance of two-factor authentication, and recommending next steps like Enable two-factor authentication for PayPal accounts, with advisories going out to stakeholders covering PayPal users advised to enable two-factor authentication.

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 Valid Accounts (T1078) with high confidence (90%), with evidence including unauthorized access of PayPal accounts, and hacking multiple UK PayPal accounts and Brute Force (T1110) with moderate confidence (60%), supported by evidence indicating attack vector described as Hacking with no specific exploit mentioned. Under the Credential Access tactic, the analysis identified Brute Force: Password Guessing (T1110.001) with moderate to high confidence (70%), supported by evidence indicating attack vector described as Hacking targeting PayPal accounts and Modify Authentication Process (T1556) with moderate confidence (50%), supported by evidence indicating potential bypass of authentication mechanisms for PayPal accounts. Under the Impact tactic, the analysis identified Defacement (T1491) with lower confidence (40%), supported by evidence indicating unauthorized access to accounts may include defacement or misuse and Account Access Removal (T1531) with moderate confidence (50%), supported by evidence indicating potential locking out legitimate users from PayPal accounts. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate confidence (60%), supported by evidence indicating high-value electronics seized suggest potential data exfiltration. Under the Defense Evasion tactic, the analysis identified Valid Accounts: Cloud Accounts (T1078.004) with moderate to high confidence (80%), supported by evidence indicating unauthorized access to PayPal accounts (cloud-based financial service). These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.

Initial Access
Valid Accounts (90%)
Brute Force (60%)
Credential Access
Brute Force: Password Guessing (70%)
Modify Authentication Process (50%)
Impact
Defacement (40%)
Account Access Removal (50%)
Exfiltration
Exfiltration Over C2 Channel (60%)
Defense Evasion
Valid Accounts: Cloud Accounts (80%)

Sources & References