HackingFinancial ServicesFinancePhishingStolen CredentialsCustomer Data InvolvedTargetedIdentity (basic)Financial accountLowContained

SPOUTING ROCK ASSET MANAGEMENT, LLC

bd_652e6ecdbcea2f81 · schema v1 · pii pii-v1

Severity

Low

Discovered

May 17, 2022

Filed

Dec 9, 2022

To disclose

29 weeks

Affected

2state residents only

Confidence

66%

Full breach record for SPOUTING ROCK ASSET MANAGEMENT, LLC →2 incidents on file

Spouting Rock Asset Management, LLC notified the NH AG of unauthorized access to an employee email account between May 5-17, 2022. Suspicious activity was detected on May 17, 2022. The incident affected 2 NH residents, exposing names and financial account information. Spouting Rock engaged forensic specialists, implemented safeguards, and provided 24 months of credit monitoring.

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Incident timeline

undetected · 12 days

discovery → filing · 29 weeks / 206 days

May 5, 2022

Begins

May 17, 2022

Discovered

Dec 9, 2022

Filed

vs. sector median

+21 wks slower

Tracked as a single-filing incident — the only disclosure on record for this event so far.Confirmed2 affectedView incident

Name: Mullen Coughlin LLC
norm: mullen coughlin

Name: SPOUTING ROCK ASSET MANAGEMENT, LLC
norm: spouting rock asset management
Industry: Financial Servicesllm

Discovered: May 17, 2022
Breach occurred: May 5, 2022 – May 17, 2022
Undetected for: 12 daysoccurrence → discovery
Materiality determined: —
Notification sent: Dec 5, 2022
Affected individuals: 2state-resident count only
Data types: Identity (basic)Financial account
Attack vector: Phishing
MITRE ATT&CK: T1566.002 Spearphishing LinkT1078 Valid Accounts
Threat actor: ExternalFinancial
Regulator citations: Provided written notice of this incident to other state regulators
Initial access: phishing_link

During the incident: Commenced an investigation with the assistance of third-party computer forensic specialists
Undertook a comprehensive analysis of the potentially impacted files
Initiated an investigation with the assistance of third-party specialists
Providing access to credit monitoring services for twenty-four (24) months through Experian
Providing potentially impacted individuals with guidance on how to better protect against identity theft and fraud
Providing individuals with information on how to place a fraud alert and security freeze on one’s credit file
Providing written notice of this incident to other state regulators
Changes made: Reviewing existing policies and procedures
Implementing additional safeguards to further secure the information in its systems
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 29 weeks(206 days from discovery to filing)
Compliance flags: — (clock not assessable for this source)

Status: No extraction artifact recorded for this disclosure.

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/spouting-rock-asset-management-20221209.pdf
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: Dec 9, 2022
Raw hash: 6174f70c5c403f51434b7dd09c864c823ebe9e967fbfe0a0d665dd9d6de14204

Reporting entityMullen Coughlin LLC

Victim entitySPOUTING ROCK ASSET MANAGEMENT, LLC

Incidentdiscovered May 17, 2022

Stated responseCommenced an investigation with the assistance of third-party computer forensic specialists

Complianceclock not assessable

Extraction provenanceno artifact recorded

Source provenancemm.nh.gov