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Analyze » Veeam Software » VEEFORCIT1781857680

Incident Score: Analysis & Impact (VEEFORCIT1781857680)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-3
Company Score Before Incident249 / 1000
Company Score After Incident246 / 1000
INCIDENT NUMBERVEEFORCIT1781857680
Type of Cyber IncidentVulnerability
ATTACK VECTORSpear-phishing, Compromised credentials, Exploitation of vulnerabilities
DATA EXPOSEDCredentials, backup data, virtual machines,...
INCIDENT DATE30/06/2023
STATUSpublished

Key Highlights From The Incident Analysis

  • Timeline of Veeam Software'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 Veeam 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 Veeam Software breach identified under incident ID VEEFORCIT1781857680.

The analysis begins with a detailed overview of Veeam Software's information like the linkedin page: https://www.linkedin.com/company/veeam-software, the number of followers: 469844, the industry type: Software Development and the number of employees: 7404 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 249 and after the incident was 246 with a difference of -3 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 Veeam Software and their customers.

A newly reported cybersecurity incident, "INC Ransomware Attack", has drawn attention.

Since its emergence in mid-2023, the INC ransomware group has established itself as a formidable Ransomware-as-a-Service (RaaS) operation, claiming over 800 victims worldwide.

The disruption is felt across the environment, affecting Windows and Linux/ESXi environments, and exposing Credentials, backup data, virtual machines, and sensitive files.

Formal response steps have not been shared publicly yet.

Overall, the incident is a reminder of why proactive monitoring and strong governance matter.

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%), supported by evidence indicating initial access is often gained through spear-phishing, Valid Accounts (T1078) with high confidence (90%), supported by evidence indicating compromised credentials from access brokers, and Exploit Public-Facing Application (T1190) with high confidence (95%), supported by evidence indicating exploitation of known vulnerabilities in public-facing systems (CVE-2023-3519, CVE-2023-48788, CVE-2025-5777). Under the Execution tactic, the analysis identified Command and Scripting Interpreter: PowerShell (T1059.001) with high confidence (90%), supported by evidence indicating deploying a customized PowerShell script that extracts credentials and Command and Scripting Interpreter: Windows Command Shell (T1059.003) with moderate to high confidence (80%), supported by evidence indicating attackers use command-line tools to map the network. Under the Persistence tactic, the analysis identified Valid Accounts (T1078) with moderate to high confidence (80%), supported by evidence indicating compromised credentials from access brokers. Under the Privilege Escalation tactic, the analysis identified OS Credential Dumping (T1003) with high confidence (90%), supported by evidence indicating extracts credentials from Veeam backup servers via salted DPAPI decryption. Under the Defense Evasion tactic, the analysis identified Obfuscated Files or Information (T1027) with moderate to high confidence (80%), supported by evidence indicating ransomware payloads rewritten in Rust for cross-platform attacks, Execution Guardrails (T1480) with moderate to high confidence (70%), supported by evidence indicating partial encryption to avoid critical system files, and Indicator Removal: File Deletion (T1070.004) with moderate confidence (60%), supported by evidence indicating no details on malware’s cleanup post-encryption. Under the Credential Access tactic, the analysis identified OS Credential Dumping: NTDS (T1003.003) with moderate to high confidence (70%), supported by evidence indicating extracts credentials from Veeam backup servers and Credentials from Password Stores (T1555) with moderate to high confidence (80%), supported by evidence indicating salted DPAPI decryption for credential extraction. Under the Discovery tactic, the analysis identified Network Service Discovery (T1046) with high confidence (90%), supported by evidence indicating attackers use IP scanners to map the network and Account Discovery (T1087) with moderate to high confidence (70%), supported by evidence indicating credential extraction implies account discovery. Under the Lateral Movement tactic, the analysis identified Remote Services: Remote Desktop Protocol (T1021.001) with moderate to high confidence (70%), supported by evidence indicating network mapping and credential use suggest lateral movement and Remote Services: SMB/Windows Admin Shares (T1021.002) with moderate to high confidence (70%), supported by evidence indicating credential extraction and network mapping imply SMB use. Under the Collection tactic, the analysis identified Data from Local System (T1005) with high confidence (90%), supported by evidence indicating backup data, virtual machines, and sensitive files compromised. Under the Command and Control tactic, the analysis identified Application Layer Protocol (T1071) with moderate to high confidence (70%), supported by evidence indicating private portal for negotiations implies C2 communication. Under the Exfiltration tactic, the analysis identified Exfiltration Over Web Service (T1567) with high confidence (90%), supported by evidence indicating public leak site to pressure non-compliant victims and Exfiltration Over Alternative Protocol (T1048) with moderate to high confidence (80%), supported by evidence indicating rclone likely used for data exfiltration. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with high confidence (100%), supported by evidence indicating curve25519 ECC and AES-128 encryption, ransomware payloads, Inhibit System Recovery (T1490) with high confidence (90%), supported by evidence indicating shuts down virtual machines before encrypting them, and Service Stop (T1489) with moderate to high confidence (80%), supported by evidence indicating shutdown of virtual machines to maximize disruption. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.

Initial Access
Phishing (90%)
Valid Accounts (90%)
Exploit Public-Facing Application (95%)
Execution
Command and Scripting Interpreter: PowerShell (90%)
Command and Scripting Interpreter: Windows Command Shell (80%)
Persistence
Valid Accounts (80%)
Privilege Escalation
OS Credential Dumping (90%)
Defense Evasion
Obfuscated Files or Information (80%)
Execution Guardrails (70%)
Indicator Removal: File Deletion (60%)
Credential Access
OS Credential Dumping: NTDS (70%)
Credentials from Password Stores (80%)
Discovery
Network Service Discovery (90%)
Account Discovery (70%)
Lateral Movement
Remote Services: Remote Desktop Protocol (70%)
Remote Services: SMB/Windows Admin Shares (70%)
Collection
Data from Local System (90%)
Command and Control
Application Layer Protocol (70%)
Exfiltration
Exfiltration Over Web Service (90%)
Exfiltration Over Alternative Protocol (80%)
Impact
Data Encrypted for Impact (100%)
Inhibit System Recovery (90%)
Service Stop (80%)

Sources & References