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Analyze » Visa » VISRUPCOS1780793686

Incident Score: Analysis & Impact (VISRUPCOS1780793686)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-28
Company Score Before Incident839 / 1000
Company Score After Incident811 / 1000
Company LinkView Visa Profile
INCIDENT NUMBERVISRUPCOS1780793686
Type of Cyber IncidentBreach
ATTACK VECTORMalware, Cloned debit cards, SWIFT system exploitation
DATA EXPOSEDVISA and RuPay debit card...
INCIDENT DATE15/08/2018
STATUSOngoing

Key Highlights From The Incident Analysis

  • Timeline of Visa's Breach 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 Visa 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 Visa breach identified under incident ID VISRUPCOS1780793686.

The analysis begins with a detailed overview of Visa's information like the linkedin page: https://www.linkedin.com/company/visa, the number of followers: 2454704, the industry type: IT Services and IT Consulting and the number of employees: 29593 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 839 and after the incident was 811 with a difference of -28 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 Visa and their customers.

On 11 August 2018, Cosmos Bank disclosed ATM cash-out fraud and SWIFT system breach issues under the banner "Cosmos Bank Hit by ₹94.42 Crore Cyber Heist in Coordinated Global Attack".

Pune-based Cosmos Bank, one of India’s oldest urban cooperative banks, fell victim to a sophisticated cyberattack on August 11 and 13, resulting in the theft of ₹94.42 crore ($13.5 million).

The disruption is felt across the environment, affecting ATM switch server, SWIFT system and Internet banking, and exposing VISA and RuPay debit card data, with nearly 14,849 fraudulent transactions records at risk, plus an estimated financial loss of ₹94.42 crore ($13.5 million).

In response, teams activated the incident response plan, moved swiftly to contain the threat with measures like Disabled VISA and RuPay ATM services and Shut down servers and internet banking, and began remediation that includes Server inspection and SWIFT system review, while recovery efforts such as Reconciliation with VISA and RuPay (2-7 days), international recovery efforts pending continue, and stakeholders are being briefed through Customer assurance (depositor funds secure).

The case underscores how Ongoing, with advisories going out to stakeholders covering RBI inspection and assessment.

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 (60%), supported by evidence indicating compromised the bank’s ATM switch server via malware and Exploitation for Client Execution (T1203) with moderate to high confidence (70%), supported by evidence indicating malware compromise of ATM switch server. Under the Execution tactic, the analysis identified User Execution: Malicious File (T1204.002) with moderate to high confidence (70%), supported by evidence indicating malware...stealing data linked to VISA and RuPay debit cards. Under the Credential Access tactic, the analysis identified Input Capture: Web Portal Capture (T1056.003) with moderate to high confidence (80%), supported by evidence indicating aTM switch server via malware, stealing data linked to VISA and RuPay and Adversary-in-the-Middle (T1557) with moderate to high confidence (70%), supported by evidence indicating cloned cards used for withdrawals across 28 countries. Under the Lateral Movement tactic, the analysis identified Remote Services: SMB/Windows Admin Shares (T1021.002) with moderate confidence (50%), supported by evidence indicating sWIFT system exploitation to transfer funds. Under the Collection tactic, the analysis identified Data from Local System (T1005) with high confidence (90%), supported by evidence indicating debit card data (VISA, RuPay) compromised via ATM switch server. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate to high confidence (80%), supported by evidence indicating 14,849 fraudulent transactions executed across 28 countries and Exfiltration Over Alternative Protocol: Unencrypted/Obfuscated Non-C2 Protocol (T1048.003) with moderate to high confidence (70%), supported by evidence indicating sWIFT system used to transfer ₹13.92 crore to Hong Kong. Under the Impact tactic, the analysis identified Resource Hijacking (T1496) with moderate to high confidence (80%), supported by evidence indicating ₹94.42 crore stolen via ATM cash-out and SWIFT fraud and Data Manipulation: Stored Data Manipulation (T1565.001) with moderate confidence (60%), supported by evidence indicating cloned debit cards used for fraudulent transactions. Under the Defense Evasion tactic, the analysis identified Valid Accounts: Local Accounts (T1078.003) with moderate to high confidence (70%), supported by evidence indicating sWIFT system exploitation suggests valid account misuse and Impair Defenses: Disable or Modify Tools (T1562.001) with moderate confidence (60%), supported by evidence indicating bank shut down its servers and internet banking. 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 (60%)
Exploitation for Client Execution (70%)
Execution
User Execution: Malicious File (70%)
Credential Access
Input Capture: Web Portal Capture (80%)
Adversary-in-the-Middle (70%)
Lateral Movement
Remote Services: SMB/Windows Admin Shares (50%)
Collection
Data from Local System (90%)
Exfiltration
Exfiltration Over C2 Channel (80%)
Exfiltration Over Alternative Protocol: Unencrypted/Obfuscated Non-C2 Protocol (70%)
Impact
Resource Hijacking (80%)
Data Manipulation: Stored Data Manipulation (60%)
Defense Evasion
Valid Accounts: Local Accounts (70%)
Impair Defenses: Disable or Modify Tools (60%)