Incident Score: Analysis & Impact (VEEGARTOTHAL1781807154)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of Veeam 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 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 VEEGARTOTHAL1781807154.
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 731 and after the incident was 633 with a difference of -98 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, "Ransomware Operators Systematically Neutralize Backups Before Striking", has drawn attention.
A growing trend in ransomware attacks reveals a calculated strategy: threat actors now prioritize disabling backup infrastructure before deploying encryption, ensuring victims have no recovery options.
The disruption is felt across the environment, affecting Backup repositories, domain controllers, Active Directory, business systems, and exposing True.
In response, and began remediation that includes Rebuilding identity infrastructure, validating clean restore points, credential rotation, while recovery efforts such as Alternative recovery methods (e.g., file resilience, key capture) continue.
The case underscores how teams are taking away lessons such as Traditional backup defenses are insufficient against modern ransomware tactics. Attackers now dedicate weeks to neutralizing recovery options, requiring alternative recovery methods and proactive measures like file resilience and lateral movement prevention, and recommending next steps like Adopt alternative recovery methods (e.g., file resilience, key capture), Implement real-time encryption interception and Limit lateral movement to prevent spread of encryption.
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 harvest domain admin credentials, and operate with legitimate admin credentials. Under the Credential Access tactic, the analysis identified OS Credential Dumping (T1003) with moderate to high confidence (80%), supported by evidence indicating harvest domain admin credentials during dwell period and Group Policy Preferences (T1552.006) with moderate confidence (60%), supported by evidence indicating credential harvesting via Active Directory compromise. Under the Discovery tactic, the analysis identified Account Discovery (T1087) with moderate to high confidence (80%), supported by evidence indicating mapping networks, backup repositories and retention policies and File and Directory Discovery (T1083) with moderate to high confidence (70%), supported by evidence indicating mapping backup repositories during dwell period. Under the Lateral Movement tactic, the analysis identified Remote Services: SMB/Windows Admin Shares (T1021.002) with moderate to high confidence (80%), supported by evidence indicating lateral movement to backup infrastructure and domain controllers and Use Alternate Authentication Material: Pass the Hash (T1550.002) with moderate to high confidence (70%), supported by evidence indicating abusing harvested domain admin credentials. Under the Defense Evasion tactic, the analysis identified Inhibit System Recovery (T1490) with high confidence (100%), supported by evidence indicating prioritize disabling backup infrastructure before encryption, Indicator Removal: Timestomp (T1070.006) with moderate to high confidence (70%), supported by evidence indicating abusing time synchronization to bypass immutable locks, and Impair Defenses: Disable or Modify Tools (T1562.001) with high confidence (90%), supported by evidence indicating terminating backup services before encryption begins. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with high confidence (100%), supported by evidence indicating deploying encryption after neutralizing backups and Inhibit System Recovery (T1490) with high confidence (100%), supported by evidence indicating manipulating retention policies to trigger automatic deletion. Under the Persistence tactic, the analysis identified Account Manipulation (T1098) with moderate to high confidence (70%), supported by evidence indicating compromising multiple privileged accounts during dwell period and Valid Accounts (T1078) with high confidence (90%), supported by evidence indicating operating with legitimate admin credentials for weeks. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate confidence (50%), supported by evidence indicating prolonged dwell period suggests data exfiltration potential. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- Veeam Software Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/veeam-software/incident/VEEGARTOTHAL1781807154
- Veeam Software CyberSecurity Rating page: https://www.rankiteo.com/company/veeam-software
- Veeam Software Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/veegartothal1781807154-veeam-gartner-halcyon-total-assure-ransomware-january-2022/
- Veeam Software CyberSecurity Score History: https://www.rankiteo.com/company/veeam-software/history
- Veeam Software CyberSecurity Incident Source: https://www.halcyon.ai/blog/why-ransomware-deletes-your-backups-before-you-know-youve-been-hit
- 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