Incident Score: Analysis & Impact (WED1765656792)
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Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of Wedbush'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 Wedbush 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 Wedbush breach identified under incident ID WED1765656792.
The analysis begins with a detailed overview of Wedbush's information like the linkedin page: https://www.linkedin.com/company/wedbush, the number of followers: 18609, the industry type: Financial Services and the number of employees: 1005 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 759 and after the incident was 690 with a difference of -69 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 Wedbush and their customers.
On 11 July 2025, Wedbush Securities Inc. disclosed Data Breach issues under the banner "Wedbush Securities Inc. Data Breach Investigation".
Shamis & Gentile P.A.
The disruption is felt across the environment, affecting Web-facing internal application, and exposing Sensitive personally identifiable information.
In response, moved swiftly to contain the threat with measures like Application secured, and stakeholders are being briefed through Notice to affected individuals.
The case underscores how Ongoing, and recommending next steps like Review account statements and monitor credit reports, Enroll in complimentary credit monitoring services within 90 days and Place a fraud alert or credit freeze on credit files, with advisories going out to stakeholders covering Notice sent to affected individuals with steps to protect themselves.
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 (95%), with evidence including misconfigured web-facing internal application, and allowed unauthorized access between May 17 and July 11, 2025. Under the Credential Access tactic, the analysis identified Unsecured Credentials: Credentials in Files (T1552.006) with moderate to high confidence (70%), supported by evidence indicating exposed account numbers and financial institution details. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate to high confidence (80%), supported by evidence indicating exposed names, SSNs, and account numbers (implied exfiltration). Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with lower confidence (0%), Data Manipulation: Stored Data Manipulation (T1565.001) with lower confidence (0%), and Financial Theft (T1657) with moderate to high confidence (85%), with evidence including high risk of identity theft and fraud, and exposed SSNs and account numbers. Under the Defense Evasion tactic, the analysis identified Impair Defenses: Disable or Modify Tools (T1562.001) with moderate confidence (60%), supported by evidence indicating misconfigured application bypassed security controls. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- Wedbush Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/wedbush/incident/WED1765656792
- Wedbush CyberSecurity Rating page: https://www.rankiteo.com/company/wedbush
- Wedbush Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/wed1765656792-wedbush-breach-july-2025/
- Wedbush CyberSecurity Score History: https://www.rankiteo.com/company/wedbush/history
- Wedbush CyberSecurity Incident Source: https://www.claimdepot.com/investigations/wedbush-securities-data-breach-2025
- 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