MalwareProfessional ServicesHealthcareProfessional ServicesRansomwareRansom DemandedRansom PaidData ExfiltratedCustomer Data InvolvedEmployee Data InvolvedPHIHealth (basic)Government IDIdentity (basic)Financial accountEmploymentMediumResolved

BBS Financial Services, LLC

bd_055878f91c03cfc4 · schema v1 · pii pii-v1

Severity

Medium

Discovered

Jan 29, 2024

Filed

Nov 11, 2024

To disclose

41 weeks

Affected

Not disclosed

Linked

5 filings

Confidence

65%

Full breach record for BBS Financial Services, LLC →

BBS Financial Services, LLC experienced a ransomware incident where a sophisticated threat actor exfiltrated data from its network. The breach occurred on December 19, 2023, and was discovered on January 29, 2024. Affected data included medical billing records, tax records, and payroll information containing PII, PHI, SSNs, and financial account numbers. BBS paid a ransom to the attacker, who subsequently destroyed the data. The company notified the FBI and IRS, activated IRS fraud detection systems, and offered two years of credit monitoring to affected individuals.

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Incident timeline

undetected · 41 days

discovery → filing · 41 weeks / 287 days

Dec 19, 2023

Begins

Jan 29, 2024

Discovered

Nov 11, 2024

Filed

vs. sector median

+22 wks slower

This filing is one of 5 about the same incident.View merged incident

Linked disclosures

Why this link?

Regulatory filings (4) · sorted by filing gap

Maine State AGBianLianbd_19b6ae23508a80362024-11-11Verified
Montana State AGbd_1da1372591c522652024-11-11Verified
Massachusetts State AGbd_411aa04bdea46b162024-11-11Verified
Indiana State AGbd_f7c771b45c51aa8c2024-06-18 · +146dCandidate

Name: BBS Financial Services, LLC
norm: bbs financial
Domain: bbs1040.com

Name: BBS Financial Services, LLC
norm: bbs financial
Domain: bbs1040.com
Industry: Professional ServicesllmHealthcarellm

Discovered: Jan 29, 2024
Breach occurred: Dec 19, 2023
Undetected for: 41 daysoccurrence → discovery
Materiality determined: —
Notification sent: —
Affected individuals: Not disclosed
Data types: PHIHealth (basic)Government IDIdentity (basic)Financial accountEmployment
Attack vector: Ransomware
MITRE ATT&CK: T1486 Data Encrypted for ImpactT1041 Exfiltration Over C2 Channel
Threat actor: ExternalFinancial
Regulator citations: Filed a report with the FBIContacted the cybersecurity division of the Internal Revenue Service (IRS)

During the incident: Engaged cybersecurity counsel and a forensic expert to investigate
Consulted with law enforcement
Filed a report with the FBI
Contacted the cybersecurity division of the Internal Revenue Service (IRS) to implement safeguards
Supplied the IRS with information to activate the IRS’s advanced fraud detection and prevention system (RICS)
Monitored the dark web for disclosure of data
Offered 2-year identity and credit protection program through Equifax
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 41 weeks(287 days from discovery to filing)
Compliance flags: — (clock not assessable for this source)

Status: No extraction artifact recorded for this disclosure.

Filing propagation · 5 filings · 5 states

View merged incident ↗

Indiana State AGJun 18 · first

Maine State AG+146d

Montana State AG+146d

Massachusetts State AG+146d

California State AG+146d · this page

Pattern: first filing Jun 18 (IN), last Nov 11 (CA) — a 146-day rolling notification. Rolling spreads often mean counsel is filing as thresholds trip per state. Why this link?

Evidence ladder

Leak-site claim

Attacker assertion only. Establishes: claim date, group, alleged victim.

Press / market report

Unlocks: incident narrative, operational impact. Still no compliance clock.

State AG / regulator filingThis record

Unlocks: discovery date, data types, affected count, compliance clock.

SEC 8-K / victim statement

Unlocks: materiality, stated response, full audit trail. Ceiling removed.

Source URL: https://oag.ca.gov/ecrime/databreach/reports/sb24-594712
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: Nov 11, 2024
Raw hash: 9108a9ac14496b659b4152bfc23c75a0b9afaafb9e946538d76b78fe8a3f5f0f

Linked disclosures

Regulatory filings (4) · sorted by filing gap

Reporting entityBBS Financial Services, LLC

Victim entityBBS Financial Services, LLC

Incidentdiscovered Jan 29, 2024

Stated responseEngaged cybersecurity counsel and a forensic expert to investigate

Complianceclock not assessable

Extraction provenanceno artifact recorded

Source provenanceoag.ca.gov