Social EngineeringFinancial ServicesFinancePhishingCustomer Data InvolvedDelayed DiscoveryPIIIdentity (basic)Government IDMediumContained

Capital Formation Group, Inc.

bd_27c0533575d915b6 · schema v1 · pii pii-v1

Severity

Medium

Discovered

Feb 14, 2023

Filed

Aug 23, 2023

To disclose

27 weeks

Affected

4state residents only

Linked

5 filings

Confidence

66%

Full breach record for Capital Formation Group, Inc. →3 incidents on file

Capital Formation Group experienced a phishing incident involving an employee's email account. Unauthorized access occurred between February 8 and 14, 2023. The company discovered the activity on February 14, 2023, and began notifying affected individuals on July 27, 2023. The breach affected approximately 4 New Hampshire residents, involving personal information such as names and addresses. The company reported the incident to law enforcement, provided credit monitoring via Experian, and secured its email environment.

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Incident timeline

undetected · 6 days

discovery → filing · 27 weeks / 190 days

Feb 8, 2023

Begins

Feb 14, 2023

Discovered

Aug 23, 2023

Filed

vs. sector median

+18 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

Vermont State AGbd_868d9b732566467c2023-07-27 · +27dCandidate
Maine State AGbd_ddf7b74597ea8c092023-07-27 · +27dVerified
Massachusetts State AGbd_df2ac474386c89e32023-07-27 · +27dVerified
New Hampshire State AGbd_fa31d692649013982023-07-27 · +27dVerified

Name: Capital Formation Group, Inc.
norm: capital formation
Domain: capformgroup.com

Name: Capital Formation Group, Inc.
norm: capital formation
Domain: capformgroup.com
Industry: Financial Servicesllm

Discovered: Feb 14, 2023
Breach occurred: Feb 8, 2023 – Feb 14, 2023
Undetected for: 6 daysoccurrence → discovery
Materiality determined: —
Notification sent: Jul 27, 2023
Affected individuals: 4state-resident count only
Data types: PIIIdentity (basic)Government ID
Attack vector: Phishing
MITRE ATT&CK: T1566.002 Spearphishing Link
Threat actor: External
Regulator citations: reported the event to federal law enforcement and applicable regulatorsreported the event to law enforcement
Initial access: phishing_link

During the incident: Moved quickly to investigate and respond
Assess the security of its email environment
Identify potentially affected individuals
Reported the event to federal law enforcement and applicable regulators
Working to implement additional safeguards and training to its employees
Provided access to credit monitoring services for through Experian to individuals whose personal information was potentially affected by this event, at no cost to these individuals
Established a dedicated assistance telephone line to address any questions or concerns from notified individuals
Provided potentially affected individuals with guidance on how to better protect against identity theft and fraud
Immediately took steps to further secure our email system and investigate the event
Reported the event to law enforcement
Changes made: Working to implement additional safeguards and training to its employees
Immediately took steps to further secure our email system
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 27 weeks(190 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 · 4 states

View merged incident ↗

Vermont State AGJul 27 · first

Maine State AGJul 27 · first

Massachusetts State AGJul 27 · first

New Hampshire State AGJul 27 · first

New Hampshire State AG+27d · this page

Pattern: first filing Jul 27 (VT), last Aug 23 (NH) — a 27-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://mm.nh.gov/files/uploads/doj/remote-docs/capital-formation-group-20230823.pdf
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: Aug 23, 2023
Raw hash: 5892d0b910f06c58c7d140173b887d7b245fc338285bc888a0a67d091adc06b7

Linked disclosures

Regulatory filings (4) · sorted by filing gap

Reporting entityCapital Formation Group, Inc.

Victim entityCapital Formation Group, Inc.

Incidentdiscovered Feb 14, 2023

Stated responseMoved quickly to investigate and respond

Complianceclock not assessable

Extraction provenanceno artifact recorded

Source provenancemm.nh.gov