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Analyze » Veeam Software » VEESONCIS1775140482

Incident Score: Analysis & Impact (VEESONCIS1775140482)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-297
Company Score Before Incident645 / 1000
Company Score After Incident348 / 1000
INCIDENT NUMBERVEESONCIS1775140482
Type of Cyber IncidentRansomware
ATTACK VECTORExploiting vulnerabilities in VPN appliances, Exploiting vulnerabilities in backup solutions, Credential theft, Spearphishing, Password spraying, Initial access brokers (IABs)
DATA EXPOSEDTrue
INCIDENT DATE28/02/2023
STATUSpublished

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 VEESONCIS1775140482.

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: 441236, the industry type: Software Development and the number of employees: 6673 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 645 and after the incident was 348 with a difference of -297 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, "Akira Ransomware Group Accelerates Attacks, Completing Full Compromise in Under an Hour", has drawn attention.

Security researchers at Halcyon have identified a significant escalation in ransomware attack speed, with the Akira group now executing full attack lifecycles from initial access to data encryption in as little as one hour.

The disruption is felt across the environment, and exposing True, plus an estimated financial loss of $244 million in ransom payments (estimated).

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 Exploit Public-Facing Application (T1190) with high confidence (90%), supported by evidence indicating exploiting vulnerabilities in internet-facing VPN appliances and backup solutions, Valid Accounts (T1078) with moderate to high confidence (80%), supported by evidence indicating credential theft, password spraying, and lack of MFA exploited, Spearphishing Link (T1566.002) with moderate to high confidence (70%), supported by evidence indicating spearphishing listed as an attack vector, and Spearphishing Attachment (T1566.001) with moderate confidence (60%), supported by evidence indicating spearphishing listed as an attack vector. Under the Execution tactic, the analysis identified User Execution: Malicious File (T1204.002) with moderate confidence (50%), supported by evidence indicating living-off-the-land tools like WinRAR, WinSCP used for data staging. Under the Persistence tactic, the analysis identified Valid Accounts (T1078) with moderate to high confidence (80%), supported by evidence indicating compromised credentials used to maintain access. Under the Privilege Escalation tactic, the analysis identified Exploitation for Privilege Escalation (T1068) with moderate to high confidence (70%), supported by evidence indicating exploiting vulnerabilities in VPN appliances and backup solutions. Under the Defense Evasion tactic, the analysis identified Disable or Modify Tools (T1562.001) with high confidence (90%), supported by evidence indicating disables security software to evade detection, Masquerading (T1036) with moderate to high confidence (80%), supported by evidence indicating leverages living-off-the-land tools like FileZilla, WinRAR, WinSCP, and Execution Guardrails: Environmental Keying (T1480.001) with moderate confidence (60%), supported by evidence indicating intermittent encryption to minimize detection time. Under the Credential Access tactic, the analysis identified Password Spraying (T1110.003) with moderate to high confidence (80%), supported by evidence indicating password spraying listed as an attack vector and OS Credential Dumping (T1003) with moderate to high confidence (70%), supported by evidence indicating credential theft used to breach networks. Under the Discovery tactic, the analysis identified File and Directory Discovery (T1083) with moderate to high confidence (70%), supported by evidence indicating data staging and encryption imply file system discovery. Under the Collection tactic, the analysis identified Data from Local System (T1005) with high confidence (90%), supported by evidence indicating data exfiltration as part of double-extortion model. Under the Command and Control tactic, the analysis identified Ingress Tool Transfer (T1105) with moderate to high confidence (70%), supported by evidence indicating use of FileZilla, WinSCP, RClone for data staging. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with high confidence (90%), supported by evidence indicating data exfiltration before encryption in double-extortion model. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with high confidence (100%), supported by evidence indicating files encrypted as part of ransomware attack and Data Destruction (T1485) with moderate confidence (60%), supported by evidence indicating intermittent encryption scrambling files. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.

Initial Access
Exploit Public-Facing Application (90%)
Valid Accounts (80%)
Spearphishing Link (70%)
Spearphishing Attachment (60%)
Execution
User Execution: Malicious File (50%)
Persistence
Valid Accounts (80%)
Privilege Escalation
Exploitation for Privilege Escalation (70%)
Defense Evasion
Disable or Modify Tools (90%)
Masquerading (80%)
Execution Guardrails: Environmental Keying (60%)
Credential Access
Password Spraying (80%)
OS Credential Dumping (70%)
Discovery
File and Directory Discovery (70%)
Collection
Data from Local System (90%)
Command and Control
Ingress Tool Transfer (70%)
Exfiltration
Exfiltration Over C2 Channel (90%)
Impact
Data Encrypted for Impact (100%)
Data Destruction (60%)

Sources & References