Incident Score: Analysis & Impact (THE1778281650)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of MathWorks'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 MathWorks 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 MathWorks breach identified under incident ID THE1778281650.
The analysis begins with a detailed overview of MathWorks's information like the linkedin page: https://www.linkedin.com/company/the-mathworks_2, the number of followers: 480932, the industry type: Software Development and the number of employees: 7838 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 554 and after the incident was 365 with a difference of -189 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 MathWorks and their customers.
On 18 May 2024, MathWorks disclosed Ransomware issues under the banner "MathWorks Ransomware Attack Causing Widespread Outage".
MathWorks, the Massachusetts-based developer of MATLAB and Simulink, confirmed that a ransomware attack caused a major outage affecting its applications since May 18.
The disruption is felt across the environment, affecting web apps, mobile apps and licensing systems.
In response, while recovery efforts such as Restoring services, prioritizing MATLAB Online and MATLAB Mobile continue.
The case underscores how Ongoing.
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 disrupted multiple services, including web and mobile apps and Valid Accounts (T1078) with moderate confidence (60%), supported by evidence indicating user accounts affected by the ransomware attack. Under the Execution tactic, the analysis identified User Execution: Malicious File (T1204.002) with moderate to high confidence (70%), supported by evidence indicating ransomware attack caused a major outage and Command and Scripting Interpreter (T1059) with moderate confidence (50%), supported by evidence indicating iT systems brought back online with cybersecurity experts. Under the Defense Evasion tactic, the analysis identified Obfuscated Files or Information (T1027) with moderate confidence (60%), supported by evidence indicating no ransomware group has publicly claimed the attack and Impair Defenses: Disable or Modify Tools (T1562.001) with moderate to high confidence (70%), supported by evidence indicating major outage affecting its applications since May 18. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with high confidence (90%), supported by evidence indicating ransomware attack confirmed as the root cause and Inhibit System Recovery (T1490) with moderate to high confidence (70%), supported by evidence indicating services remain offline or operate in a degraded state. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate confidence (50%), supported by evidence indicating no details on the extent of the breach or potential 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
- MathWorks Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/the-mathworks_2/incident/THE1778281650
- MathWorks CyberSecurity Rating page: https://www.rankiteo.com/company/the-mathworks_2
- MathWorks Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/the1778281650-mathworks-ransomware-may-2025/
- MathWorks CyberSecurity Score History: https://www.rankiteo.com/company/the-mathworks_2/history
- MathWorks CyberSecurity Incident Source: https://www.securityweek.com/matlab-maker-mathworks-recovering-from-ransomware-attack/
- 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