MalwareFinancial ServicesTechnologyFinanceRansomwareData EncryptedRansom DemandedCustomer Data InvolvedTargetedPIIGovernment IDFinancial accountFinancial credentialsCredentialsMediumContained

VelocitySBA, LLC

bd_127b22dc55a4c8fb · schema v1 · pii pii-v1

Severity

Medium

Discovered

Apr 2, 2023

Filed

Sep 8, 2023

To disclose

23 weeks

Affected

3state residents only

Linked

3 filings

Confidence

66%

Full breach record for VelocitySBA, LLC →

VelocitySBA, LLC reported a ransomware attack on April 1, 2023, which encrypted systems for 24 hours. The incident affected customer personal information including government IDs, tax documents, and financial data. Three New Hampshire residents were potentially affected. VelocitySBA secured systems, engaged experts, notified the FBI and SBA, and offered credit monitoring.

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Incident timeline

undetected · 1 days

discovery → filing · 23 weeks / 159 days

Apr 1, 2023

Begins

Apr 2, 2023

Discovered

Sep 8, 2023

Filed

vs. sector median

+15 wks slower

This filing is one of 3 filings about the same incident.View merged incident

Linked disclosures

Why this link?

Regulatory filings (2) · sorted by filing gap

Montana State AGbd_1a94efe50751cc612023-09-11 · +3dCandidate
Massachusetts State AGbd_649f40fffd151ddd2023-09-11 · +3dVerified

Name: VelocitySBA, LLC
norm: velocitysba

Name: VelocitySBA, LLC
norm: velocitysba
Industry: Financial ServicesllmTechnologyllm

Discovered: Apr 2, 2023
Breach occurred: Apr 1, 2023 – Apr 1, 2023
Undetected for: 1 dayoccurrence → discovery
Materiality determined: —
Notification sent: Sep 11, 2023
Affected individuals: 3state-resident count only
Data types: PIIGovernment IDFinancial accountFinancial credentialsCredentials
Attack vector: Ransomware
MITRE ATT&CK: T1486 Data Encrypted for Impact
Threat actor: ExternalFinancial
Regulator citations: Notified the U.S. Small Business AdministrationNotified the Federal Bureau of Investigation

During the incident: Secured access to its systems
Began migrating all data to a cloud server with enhanced security
Implemented additional technical and organizational controls
Notified the U.S. Small Business Administration
Notified the Federal Bureau of Investigation
Conducted a full investigation of the incident with the support of cybersecurity and privacy experts
Offering affected residents free credit monitoring through Experian
Changes made: Enhanced security around access to their systems
Requiring a second form of verification (Multi Factor Authentication)
More complex user-restricted access
Redundant backup of the data
Continuous monitoring of their systems to protect against further incidents
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 23 weeks(159 days from discovery to filing)
Compliance flags: — (clock not assessable for this source)

Status: No extraction artifact recorded for this disclosure.

Filing propagation · 3 filings · 3 states

View merged incident ↗

New Hampshire State AGSep 8 · first · this page

Montana State AG+3d

Massachusetts State AG+3d

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://mm.nh.gov/files/uploads/doj/remote-docs/velocitysba-20230908.pdf
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: Sep 8, 2023
Raw hash: 66e0735c2f5cf141f31e0fe612ce41a10fb227f4dcd11b2eca87aa1cedd30c7f

Linked disclosures

Regulatory filings (2) · sorted by filing gap

Reporting entityVelocitySBA, LLC

Victim entityVelocitySBA, LLC

Incidentdiscovered Apr 2, 2023

Stated responseSecured access to its systems

Complianceclock not assessable

Extraction provenanceno artifact recorded

Source provenancemm.nh.gov