Incident Score: Analysis & Impact (PRO1777312132)
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 Progressive Bank'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 Progressive Bank 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 Progressive Bank breach identified under incident ID PRO1777312132.
The analysis begins with a detailed overview of Progressive Bank's information like the linkedin page: https://www.linkedin.com/company/progressive-bank, the number of followers: 903, the industry type: Financial Services and the number of employees: 149 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 755 and after the incident was 743 with a difference of -12 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 Progressive Bank and their customers.
On 31 May 2023, Union Bank and Trust Co. disclosed Data Breach issues under the banner "Union Bank and Trust MOVEit Data Breach Settlement".
Union Bank and Trust Co.
The disruption is felt across the environment, affecting MOVEit Transfer software, and exposing Personally identifiable information (PII), with nearly 207,824 records at risk, plus an estimated financial loss of $2.39 million settlement.
In response, and stakeholders are being briefed through Breach notifications sent to affected individuals.
The case underscores how Settled, teams are taking away lessons such as Highlights the risks of third-party software vulnerabilities in financial data protection, with advisories going out to stakeholders covering Breach notifications sent to affected individuals with claim instructions.
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 exploiting a vulnerability in the file-transfer tool (MOVEit Transfer). 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 exposed the personally identifiable information (PII) of 207,824 individuals. Under the Collection tactic, the analysis identified Data from Local System (T1005) with moderate to high confidence (80%), supported by evidence indicating personally identifiable information (PII) of 207,824 individuals exposed. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate to high confidence (70%), supported by evidence indicating cyberattack occurred between May 27 and May 31, 2023, exploiting a vulnerability and Transfer Data to Cloud Account (T1537) with moderate confidence (60%), supported by evidence indicating mOVEit Transfer software breach (file-transfer tool). Under the Impact tactic, the analysis identified Data Destruction (T1485) with lower confidence (40%), supported by evidence indicating alleged failure to secure customer data leading to breach and Data Manipulation: Transmitted Data Manipulation (T1565.002) with lower confidence (30%), supported by evidence indicating high identity theft risk for 207,824 individuals. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- Progressive Bank Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/progressive-bank/incident/PRO1777312132
- Progressive Bank CyberSecurity Rating page: https://www.rankiteo.com/company/progressive-bank
- Progressive Bank Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/pro1777312132-progress-software-corporation-vulnerability-may-2023/
- Progressive Bank CyberSecurity Score History: https://www.rankiteo.com/company/progressive-bank/history
- Progressive Bank CyberSecurity Incident Source: https://www.claimdepot.com/settlements/ubt-data-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