Incident Score: Analysis & Impact (RED1773771855)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of Redbike Software'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 Redbike 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 Redbike Software breach identified under incident ID RED1773771855.
The analysis begins with a detailed overview of Redbike Software's information like the linkedin page: https://www.linkedin.com/company/redbike-software, the number of followers: 26, the industry type: Software Development and the number of employees: 2 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 641 with a difference of -112 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 Redbike Software and their customers.
A newly reported cybersecurity incident, "Ransomware Landscape Shifts in 2025 as Threat Actors Adapt to Declining Payments", has drawn attention.
The ransomware ecosystem underwent significant transformation in 2025, as financial pressures forced threat actors to evolve their tactics.
The disruption is felt across the environment, and exposing Sensitive files including legal documents, HR records, accounting files, and business development materials.
In response, while recovery efforts such as Nearly half of victims restored data from backups continue.
The case underscores how Ongoing, teams are taking away lessons such as Improved backup strategies and recovery efforts reduced ransomware leverage, but threat actors adapted by shifting to data theft and targeting smaller organizations. The RaaS market remains resilient despite law enforcement disruptions, and recommending next steps like Strengthen backup and recovery strategies, Enhance monitoring for data exfiltration tools (e.g., Rclone, WinRAR, FileZilla) and Improve security postures for smaller organizations.
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 confidence (50%), supported by evidence indicating threat actors increasingly focusing on smaller organizations with weaker security postures and Phishing (T1566) with moderate confidence (60%), supported by evidence indicating declining ransom profits could push some actors toward alternative revenue streams, such as phishing campaigns. Under the Execution tactic, the analysis identified User Execution: Malicious File (T1204.002) with moderate to high confidence (70%), supported by evidence indicating rEDBIKE as the most prevalent ransomware family in 2025. Under the Persistence tactic, the analysis identified External Remote Services (T1133) with lower confidence (40%), supported by evidence indicating secondary monetization of compromised infrastructure. Under the Credential Access tactic, the analysis identified OS Credential Dumping (T1003) with moderate confidence (50%), supported by evidence indicating targeted data often included HR records, accounting files. Under the Discovery tactic, the analysis identified File and Directory Discovery (T1083) with moderate to high confidence (70%), supported by evidence indicating common exfiltration tools included Rclone, WinRAR, FileZilla, WinSCP and Account Discovery (T1087) with moderate confidence (60%), supported by evidence indicating legal documents, HR records, accounting files targeted. Under the Collection tactic, the analysis identified Data from Local System (T1005) with moderate to high confidence (80%), supported by evidence indicating 77% of ransomware intrusions involved confirmed or suspected exfiltration and Data from Network Shared Drive (T1039) with moderate to high confidence (70%), supported by evidence indicating legal documents, HR records, accounting files, business development materials. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate to high confidence (80%), supported by evidence indicating 77% of ransomware intrusions involved confirmed or suspected exfiltration, Exfiltration Over Web Service (T1567) with moderate to high confidence (70%), supported by evidence indicating cloud platforms like MEGA, OneDrive, and Azure used for exfiltration, and Exfiltration Over Alternative Protocol (T1048) with moderate confidence (60%), supported by evidence indicating rclone (28% of incidents), WinRAR (23%), FileZilla, WinSCP used. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with high confidence (90%), supported by evidence indicating rEDBIKE ransomware family accounted for nearly 30% of observed attacks and Inhibit System Recovery (T1490) with moderate confidence (50%), supported by evidence indicating data encryption and exfiltration used for extortion. Under the Defense Evasion tactic, the analysis identified Obfuscated Files or Information (T1027) with moderate confidence (60%), supported by evidence indicating ransomware-as-a-service (RaaS) market saw major disruptions and Hide Artifacts: Hidden Window (T1564.003) with lower confidence (40%), supported by evidence indicating threat actors adapt to declining payments with new tactics. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- Redbike Software Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/redbike-software/incident/RED1773771855
- Redbike Software CyberSecurity Rating page: https://www.rankiteo.com/company/redbike-software
- Redbike Software Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/red1773771855-redbike-ransomware-january-2025/
- Redbike Software CyberSecurity Score History: https://www.rankiteo.com/company/redbike-software/history
- Redbike Software CyberSecurity Incident Source: https://cybersecuritynews.com/google-warns-ransomware-actors-are-shifting/
- 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