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Analyze » Wescom Financial » WES1765209375

Incident Score: Analysis & Impact (WES1765209375)

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

Rankiteo Score Impact Analysis

Rankiteo Incident Impact-112
Company Score Before Incident688 / 1000
Company Score After Incident576 / 1000
Company LinkView Wescom Financial Profile
INCIDENT NUMBERWES1765209375
Type of Cyber IncidentBreach
ATTACK VECTORUnauthorized access to an email secure gateway
DATA EXPOSEDPrivate information of current and...
INCIDENT DATE29/05/2023
STATUSpublished

Key Highlights From The Incident Analysis

  • Timeline of Wescom Financial'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 Wescom Financial 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 Wescom Financial breach identified under incident ID WES1765209375.

The analysis begins with a detailed overview of Wescom Financial's information like the linkedin page: https://www.linkedin.com/company/wescom-financial, the number of followers: 8310, the industry type: Banking and the number of employees: 732 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 688 and after the incident was 576 with a difference of -112 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 Wescom Financial and their customers.

On 20 October 2023, Wescom Central Credit Union disclosed Data Breach issues under the banner "Wescom Central Credit Union Data Breach Settlement".

Wescom Credit Union and Barracuda Networks Inc.

The disruption is felt across the environment, affecting Email secure gateway provided by Barracuda Networks Inc, and exposing Private information of current and former customers, with nearly 32,964 records at risk, plus an estimated financial loss of Up to $2,060 per claimant (settlement amount).

In response, and stakeholders are being briefed through Notice of data breach sent to affected individuals.

The case underscores how with advisories going out to stakeholders covering Notice of data breach sent to affected individuals in October 2023.

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 to high confidence (80%), supported by evidence indicating unauthorized access to an email secure gateway provided by Barracuda Networks Inc.. Under the Credential Access tactic, the analysis identified Adversary-in-the-Middle (T1557) with moderate to high confidence (70%), supported by evidence indicating email secure gateway compromise may involve interception of credentials. Under the Exfiltration tactic, the analysis identified Exfiltration Over Alternative Protocol (T1048) with moderate to high confidence (70%), supported by evidence indicating private information of 32,964 individuals compromised via email gateway and Automated Exfiltration (T1020) with moderate confidence (60%), supported by evidence indicating large-scale data breach involving personally identifiable information. Under the Impact tactic, the analysis identified Data Destruction (T1485) with moderate confidence (50%), supported by evidence indicating alleged failures in protecting private information leading to breach and Data Encrypted for Impact (T1486) with lower confidence (30%), supported by evidence indicating no direct evidence, but breach involved high-sensitivity data. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.

Sources & References