Logo

Keenan & Associates Data Breach Incident Report 2023

Keenan & Associates Data Breach Incident Report 2023 details the incident, its impact, response actions, how it occurred, and key takeaways.

Incident Details

In August 2023, Keenan & Associates, a prominent insurance consulting and brokerage firm, fell victim to a significant cyberattack that compromised the personal information of over 1.5 million individuals. The breach was first detected on August 27, when unusual disruptions were observed across some of the company's servers. An investigation revealed that between August 21 and August 27, unauthorized parties gained access to internal systems, exfiltrating sensitive data that included names, dates of birth, Social Security numbers, driver’s license numbers, passport numbers, health insurance details, and general health information. The firm has since taken steps to fortify its network security and has offered impacted individuals two years of complimentary identity protection services to mitigate potential risks.

Damage Assessment

  • Quantified Impact: Over 1.5 million individuals had their personal information compromised during the August 2023 cyberattack.

  • Affected Assets:

    • Unauthorized access to Keenan's internal systems occurred between August 21 and August 27, 2023.
    • Data exfiltrated included sensitive personal information: names, dates of birth, Social Security numbers, driver’s license numbers, passport numbers, health insurance information, and general health information.
    • No corruption or damage to systems was reported, but the incident raised significant concerns about data integrity and security.
  • Organizational Impact:

    • The attack caused temporary disruptions in server operations, but Keenan contained the breach within hours.
    • While there was no indication of ransomware deployment, the incident required immediate investigation and response efforts.
    • The company faced potential reputational damage and legal ramifications, alongside direct costs related to notifying affected individuals and enhancing security measures.
    • Keenan is offering two years of complimentary identity protection services, adding to the financial burden of the incident.

How It Happened

The Keenan & Associates data breach likely occurred due to exploitation of vulnerabilities within their internal systems. Attackers gained unauthorized access between August 21 and August 27, 2023, indicating a targeted approach that may have involved techniques such as phishing, exploiting unpatched software, or weak credentials. Initial disruptions on the servers prompted the company to investigate, revealing that sensitive personal information was exfiltrated during this period.

Post-incident analysis of security logs might reveal unauthorized logins, anomalous data access patterns, or specific entry points that were compromised. If security protocols were inadequate or if there were lapses in monitoring network activity, it could have facilitated the attackers' ability to navigate the systems undetected.

Moreover, the lack of evidence regarding ransomware suggests that the breach may have been motivated by data theft rather than immediate financial gain through encryption. Enhancements to security measures following the attack indicate a recognition of these vulnerabilities and a commitment to preventing future incidents.

Response

Upon discovering disruptions in its servers, Keenan & Associates initiated an immediate investigation to assess the situation. The company identified unauthorized access to its internal systems through monitoring tools and alerts that indicated unusual activity.

To triage the incident, Keenan quickly isolated the affected systems to prevent further data exfiltration. The IT team worked to secure vulnerable points in the network, implementing measures to block the unauthorized access. They also conducted a thorough analysis of the compromised systems to determine the extent of the breach and identify the specific data that had been accessed.

Throughout this process, Keenan ensured that internal communication protocols were followed, keeping relevant stakeholders informed. The rapid response allowed Keenan to contain the breach within hours, minimizing potential damage and safeguarding the remaining data in its systems.

Key Takeaways

Prioritize Employee Training: Regular cybersecurity awareness training for staff is crucial. Insiders are often the weakest link in security.

Implement Multi-Factor Authentication: Strengthen access controls to sensitive data with multi-factor authentication, reducing the risk of unauthorized access.

Regularly Update Software: Outdated systems are a significant vulnerability. Ensure all software is regularly updated to protect against known exploits.

Conduct Vulnerability Assessments: Regular assessments help identify weaknesses in your systems before attackers can exploit them.

Establish an Incident Response Plan: Having a clear plan in place allows for quicker, more effective responses to potential breaches, minimizing damage.

Encrypt Sensitive Data: Protect client information by using encryption, making it harder for attackers to exploit stolen data.

Invest in Cybersecurity Services: Partnering with experts like HackersHub can provide ongoing support and advanced threat detection, significantly reducing the risk of incidents.

Continuous Monitoring: Implementing real-time monitoring can help detect and respond to suspicious activities immediately, protecting both your agency and clients.

Got hacked?

Don't panic. We're here to help.