Social EngineeringFinancial ServicesFinancePhishingStolen CredentialsCustomer Data InvolvedEmployee Data InvolvedGovernment IDFinancial accountMediumContained

IBW Financial Corporation

bd_f0894b5ea0e804f3 · schema v1 · pii pii-v1

Severity

Medium

Discovered

Jun 30, 2020

Filed

Jul 26, 2021

To disclose

13 months

Affected

1state residents only

Linked

3 filings

Confidence

66%

Full breach record for IBW Financial Corporation →2 incidents on file

IBW Financial Corporation d/b/a Industrial Bank notified the NH AG of unauthorized access to employee email accounts. Access occurred June 29, 2020; discovered June 30, 2020. Investigation completed Feb 18, 2021 confirmed potential access to customer/employee SSNs and account numbers. One NH resident affected. Credit monitoring offered.

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Incident timeline

undetected · 1 days

discovery → filing · 13 months / 391 days

Jun 29, 2020

Begins

Jun 30, 2020

Discovered

Jul 26, 2021

Filed

vs. sector median

+48 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_682c17108e94c6db2021-07-21 · +5dVerified
Indiana State AGbd_7ecd0e6f8dacfc5f2021-07-19 · +7dVerified

Name: IBW Financial Corporation
norm: ibw financial

Name: IBW Financial Corporation
norm: ibw financial
Also named: IBW Financial Corporationdba oflegal entity
Industrial Bankdba oftrade name
Industry: Financial Servicesllm

Discovered: Jun 30, 2020
Breach occurred: Jun 29, 2020
Undetected for: 1 dayoccurrence → discovery
Materiality determined: —
Notification sent: Jul 19, 2021
Affected individuals: 1state-resident count only
Data types: Government IDFinancial account
Attack vector: Phishing
MITRE ATT&CK: T1566.002 Spearphishing LinkT1078 Valid Accounts
Threat actor: ExternalFinancial
Regulator citations: Notified Office of the New Hampshire Attorney General
Initial access: phishing_link

During the incident: Launched an investigation into the nature and scope of the activity
Moved quickly to investigate and respond to the incident
Assess the security of Industrial Bank systems
Notify potentially affected individuals
Providing access to credit monitoring services for twelve (12) months, through Equifax
Providing impacted individuals with guidance on how to better protect against identity theft and fraud
Changes made: Working to implement additional safeguards and training to its employees
Reviewing existing security policies and procedures and have implemented additional measures to further protect against similar incidents in the future
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 13 months(391 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 ↗

Indiana State AGJul 19 · first

Massachusetts State AG+2d

New Hampshire State AG+7d · this page

Pattern: first filing Jul 19 (IN), last Jul 26 (NH) — a 7-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/ibw-financial-corporation-20210726.pdf
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: Jul 26, 2021
Raw hash: a63e74a7d8ac5a3439d954209f7a3c220caeab6fbf107b703ef883665c9d3940

Linked disclosures

Regulatory filings (2) · sorted by filing gap

Reporting entityIBW Financial Corporation

Victim entityIBW Financial Corporation

Incidentdiscovered Jun 30, 2020

Stated responseLaunched an investigation into the nature and scope of the activity

Complianceclock not assessable

Extraction provenanceno artifact recorded

Source provenancemm.nh.gov