HackingProfessional ServicesProfessional ServicesStolen CredentialsCapture Stored DataData ExfiltratedTargetedIdentity (basic)Government IDMediumContained

Financial Risk Mitigation, Inc

bd_cf67735947cace93 · schema v1 · pii pii-v1

Severity

Medium

Discovered

Sep 29, 2023

Filed

Dec 7, 2023

To disclose

10 weeks

Affected

Not disclosed

Linked

6 filings

Confidence

65%

Full breach record for Financial Risk Mitigation, Inc →2 incidents on file

Financial Risk Mitigation, Inc. (FRM), a corporate investigative firm, disclosed a data breach involving unauthorized access to its systems between September 28-29, 2023. The incident resulted in the copying and exfiltration of files containing personal information, including names and government identifiers (e.g., SSNs). FRM engaged third-party forensic investigators, secured affected systems, and is offering 24 months of credit monitoring and identity theft restoration services to affected individuals. The investigation determined the files were copied and taken.

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Vermont clock✗ VT AG >45 bday10 weeks discovery → filing

⚠ unattributedNo provenance was recorded for this discovery date and it matches no other date on the record. It may be correct, but it is not independently grounded.

Incident timeline

undetected · 1 days

discovery → filing · 10 weeks / 69 days

Sep 28, 2023

Begins

Sep 29, 2023

Discovered

Nov 10, 2023

Scope determined

Dec 7, 2023

Filed

vs. sector median

9 wks faster

This filing is one of 6 about the same incident.View merged incident

Linked disclosures

Why this link?

Regulatory filings (5) · sorted by filing gap

Maine State AGbd_2a69930e7a1ee22d2023-12-07Candidate
Massachusetts State AGbd_4cb67eae8f66749f2023-12-07Verified
New Hampshire State AGbd_927bb0e435c12e302023-12-07Verified
Montana State AGbd_c40099f4c242a53b2023-12-07Verified

Show 1 more filing ↓

California State AGbd_cf54cf6cb330649d2023-12-07Verified

Name: Financial Risk Mitigation, Inc
norm: financial risk mitigation
Domain: frm-inc.com

Name: Financial Risk Mitigation, Inc
norm: financial risk mitigation
Domain: frm-inc.com
Industry: Professional Servicesllm

Discovered: Sep 29, 2023
Breach occurred: Sep 28, 2023 – Sep 29, 2023
Undetected for: 1 dayoccurrence → discovery
Materiality determined: Nov 10, 2023
Notification sent: Dec 7, 2023
Affected individuals: Not disclosed
Data types: Identity (basic)Government ID
Attack vector: Unauthorized Access
MITRE ATT&CK: T1078 Valid AccountsT1119 Automated Collection
Threat actor: External
Regulator citations: Notifying applicable regulators
Initial access: valid_credentials

During the incident: Secured the computer
Began working with a third-party forensic specialist firm to investigate
Notifying applicable regulators and potentially impacted individuals
Offering 24 months of complimentary access to credit monitoring, fraud consultation, and identity theft restoration services
Changes made: Undertaking a review of existing policies, procedures, and training programs
Looking into implementing additional safeguards to further secure the information in our systems
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 10 weeks(69 days from discovery to filing)
Compliance flags: VT AG >45 bday
Discovery-date grounding: unattributedNo provenance was recorded for this discovery date and it matches no other date on the record. It may be correct, but it is not independently grounded.

Status: No extraction artifact recorded for this disclosure.

Filing propagation · 6 filings · 6 states

View merged incident ↗

Maine State AGDec 7 · first

Massachusetts State AGDec 7 · first

New Hampshire State AGDec 7 · first

Montana State AGDec 7 · first

California State AGDec 7 · first

Vermont State AGDec 7 · first · 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://ago.vermont.gov/document/2023-12-07-financial-risk-mitigation-data-breach-notice-consumers
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: Dec 7, 2023
Raw hash: 3b9afba862d25f0a96ee533e2162f0a8fd14eb9872fef4d65e10d1919591d4d4

Linked disclosures

Regulatory filings (5) · sorted by filing gap

Reporting entityFinancial Risk Mitigation, Inc

Victim entityFinancial Risk Mitigation, Inc

Incidentdiscovered Sep 29, 2023

Stated responseSecured the computer

ComplianceVT AG >45 bday

Extraction provenanceno artifact recorded

Source provenanceago.vermont.gov