DisclosureLens
GLOBALMalwareFinancial ServicesFinanceRansomwareFragRansom DemandedActor NamedMedium

Andrew Davidson & Co., Inc.

bd_1479a352f1ca22af · schema v1 · pii pii-v1

Severity

Medium

Discovered

—

Filed

Nov 14, 2024

To disclose

—

Affected

Not disclosed

Linked

2 filings

Confidence

50%
Full breach record for Andrew Davidson & Co., Inc. →

Threat-actor claim — not a regulatory filing

This row is a claim by the ransomware group Frag on its public extortion blog. It has not been validated by the victim or any regulator. Treat attribution and counts as the threat actor's assertion until a regulatory filing or victim disclosure corroborates them.

Group activity: Financial ServicesDiscovered: 2025-03-24
View aggregator listing on ransomware.liveView merged incident timeline

Source: Ransomware.live

Post text · scraped from the leak site

Financial Services Andrew Davidson & Co., Inc. is a leading provider of risk analytics and consulting to the mortgage-backed securities (MBS) and asset-backed securities (ABS) industry. Our team was successful in extracting the following documents: Contact details of customers and employees Financial statements of the company Insurance certificates

Incident timeline — mostly unverified

? — ?

Breach window unknown

Nov 14, 2024

Claim posted

—

Corroborated · see linked filings

Compliance clocks stay unassessable until a regulatory filing lands. Dashed segments fill in automatically when corroboration arrives.

Claim → filing

—

Compliance clock

Not assessable

This filing is one of 2 about the same incident.View merged incident

Linked disclosures

Why this link?

Regulatory filings (1) · sorted by filing gap

Filing propagation · 2 filings

View merged incident ↗
Leak SiteNov 14 · first · this page
Massachusetts State AG+34d

Pattern: first filing Nov 14, last Dec 18 (MA) — a 34-day rolling notification. Rolling spreads often mean counsel is filing as thresholds trip per state. Why this link?

Evidence ladder

Leak-site claimThis record

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

Press / market report

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

State AG / regulator filing

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

SEC 8-K / victim statement

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

Source ceiling

  • actor name
  • victim claim
  • ransom/leak status
  • discovery date
  • materiality
  • notification
  • affected count
  • confirmed data types
  • compliance clock

The ✕ fields stay blank until a regulatory filing or victim disclosure lands.

About this groupFirst seen 2024-09-24

frag

According to ransomware.live, Frag is a ransomware group that emerged in late 2024, exploiting a critical Veeam Backup & Replication vulnerability (CVE-2024-40711) to compromise targets in industrial sectors, with blockchain analysis linking it to a shared wallet cluster with the Akira group.

30 victims claimed globally30 tracked hereFull profile →