MalwareFinancial ServicesFinanceRansomwareData EncryptedTargetedIdentity (basic)Government IDFinancial accountFinancial credentialsPIIMediumContained

VelocitySBA, LLC

bd_1a94efe50751cc61 · schema v1 · pii pii-v1

Severity

Medium

Discovered

Apr 2, 2023

Filed

Sep 11, 2023

To disclose

23 weeks

Affected

1state residents only

Linked

3 filings

Confidence

65%

Full breach record for VelocitySBA, LLC →

VelocitySBA, LLC notified Montana customers of a ransomware attack on April 1, 2023, discovered April 2, 2023. Systems were encrypted for 24 hours. Impacted data included names, SSNs, driver's licenses, tax documents, and financial account numbers. No evidence of misuse was found. The company engaged the FBI, implemented MFA, and offered 24 months of credit monitoring.

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Incident timeline

undetected · 1 days

discovery → filing · 23 weeks / 162 days

Apr 1, 2023

Begins

Apr 2, 2023

Discovered

Sep 11, 2023

Filed

vs. sector median

+15 wks slower

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

Linked disclosures

Why this link?

Regulatory filings (2) · sorted by filing gap

Massachusetts State AGbd_649f40fffd151ddd2023-09-11Verified
New Hampshire State AGbd_127b22dc55a4c8fb2023-09-08 · +3dVerified

Name: VelocitySBA, LLC
norm: velocitysba

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

Discovered: Apr 2, 2023
Breach occurred: Apr 1, 2023
Undetected for: 1 dayoccurrence → discovery
Materiality determined: —
Notification sent: Sep 11, 2023
Affected individuals: 1state-resident count only
Data types: Identity (basic)Government IDFinancial accountFinancial credentialsPII
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
Offering two years of free credit monitoring through Experian
Changes made: Enhanced security around access to our system requiring a second form of user verification (MFA)
More complex user-restricted access
Redundant backup of the data
Continuous monitoring to protect against further incidents
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 23 weeks(162 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

Massachusetts State AG+3d

Montana State AG+3d · this page

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://dojmt.gov/wp-content/uploads/OCP/Consumer-notification-letter-660.pdf
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: Sep 11, 2023
Raw hash: a923ed4454499a77d991465466abb4e902407c464cb0c028f723bceee6bc9bea

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 provenancedojmt.gov