Incident Score: Analysis & Impact (VF-1773260958)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of VF Corporation'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 VF Corporation 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 VF Corporation breach identified under incident ID VF-1773260958.
The analysis begins with a detailed overview of VF Corporation's information like the linkedin page: https://www.linkedin.com/company/vf-corporation, the number of followers: 613639, the industry type: Retail Apparel and Fashion and the number of employees: 31955 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 657 and after the incident was 562 with a difference of -95 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 VF Corporation and their customers.
On 13 December 2023, VF Corporation disclosed ransomware issues under the banner "VF Corporation Hit by Ransomware Attack Under New SEC Disclosure Rules".
VF Corporation, the parent company of major apparel brands including The North Face, Vans, and Timberland, disclosed a ransomware attack that disrupted business operations and resulted in data theft.
The disruption is felt across the environment, affecting IT infrastructure, and exposing personal information.
In response, teams activated the incident response plan, moved swiftly to contain the threat with measures like shutdown of affected systems, and began remediation that includes restoring affected systems, implementing workarounds.
The case underscores how under investigation.
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%), with evidence including unauthorized activity on its IT systems, and attack vector not disclosed and Phishing (T1566) with moderate confidence (60%), supported by evidence indicating surge in big-game ransomware...advanced social engineering tactics. 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...encrypted portions of VF’s IT infrastructure. Under the Credential Access tactic, the analysis identified OS Credential Dumping (T1003) with moderate confidence (50%), with evidence including personal information exfiltrated, and data theft occurred. Under the Lateral Movement tactic, the analysis identified Remote Services (T1021) with moderate confidence (60%), with evidence including shutdown of affected systems, and disrupted business operations. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with high confidence (90%), supported by evidence indicating threat actor encrypted portions of VF’s IT infrastructure and Inhibit System Recovery (T1490) with moderate to high confidence (70%), supported by evidence indicating shutdown of affected systems to contain the attack. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate to high confidence (80%), supported by evidence indicating data exfiltrated, including personal information. Under the Defense Evasion tactic, the analysis identified Command and Scripting Interpreter (T1059.003) with moderate confidence (60%), supported by evidence indicating ransomware attack...encrypted portions of IT infrastructure and Execution Guardrails (T1480) with moderate confidence (50%), supported by evidence indicating attack detected on December 13, response plan activated. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- VF Corporation Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/vf-corporation/incident/VF-1773260958
- VF Corporation CyberSecurity Rating page: https://www.rankiteo.com/company/vf-corporation
- VF Corporation Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/vf-1773260958-vf-corporation-ransomware-december-2023/
- VF Corporation CyberSecurity Score History: https://www.rankiteo.com/company/vf-corporation/history
- VF Corporation CyberSecurity Incident Source: https://www.thestack.technology/the-north-face-ransomware-vf-vans/
- 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