April 16, 2024 at 10:28AM UnitedHealth Group’s Q1 earnings were significantly impacted by a ransomware attack on the U.S. healthcare system, causing a $872 million hit on quarterly earnings of $7.9 billion. The attack’s costs include $593 million in response expenses and $279 million from business disruptions. Additionally, $800 million was allocated to claims reserves … Read more
April 16, 2024 at 09:00AM UnitedHealth reported a $872 million cost in Q1 2024 due to the February cyberattack on Change Healthcare. Remediation efforts are ongoing with total costs expected to exceed $1 billion, including a potential $22 million payment to the attackers. UnitedHealth’s Q1 net loss was $1.221 billion, with adjusted earnings per share … Read more
April 16, 2024 at 07:42AM Ransomware group RansomHub is threatening to publish 4TB of allegedly stolen healthcare data from Change Healthcare if a ransom is not paid by Friday. The data includes personally identifiable and health information, financial data, and more. UnitedHealth Group, the parent company, denies confirming the $22 million ransom payment and is … Read more
April 9, 2024 at 07:54AM After paying cybercriminals to prevent the release of stolen data from a ransomware attack, Change Healthcare is being extorted again by a different group, RansomHub. This comes after a previous incident involving the BlackCat ransomware gang. The repeated extortion highlights the risk of paying ransoms and the prevalence of cyber … Read more
April 8, 2024 at 05:01PM Change Healthcare is facing another ransomware attack by RansomHub, following the recent ALPHV/BlackCat cyberattack. The company is being threatened with the sale of 4TB of stolen data containing sensitive information of US military personnel and patients, among others. The situation puts Change Healthcare in a difficult position, considering its recent … Read more
April 8, 2024 at 09:03AM Change Healthcare is reportedly facing a second ransomware attack by RansomHub, demanding a payment to avoid data exposure. This follows a previous attack by ALPHV, which the company allegedly paid $22 million to. Questions arise regarding why this has happened and theories suggest the initial payment may have led to … Read more
March 28, 2024 at 07:06AM The US Department of State announced a $10 million reward for information on Alphv/BlackCat ransomware operators. The group has affected over 1,000 victims worldwide, including major organizations. Law enforcement took down BlackCat’s infrastructure in 2023, and the US is seeking information on the group and its affiliates’ malicious cyber activities. … Read more
March 18, 2024 at 11:03PM UnitedHealth is in the process of restoring systems following a cyberattack by ransomware group ALPHV. The company has largely restored pharmacy claims and payment processing systems, and is now testing software for medical claims submission. The attack disrupted the healthcare system, prompting federal investigators to assess potential exposure of protected … Read more
March 14, 2024 at 10:09AM Change Healthcare is under investigation for an alleged 6 TB data theft by the ALPHV ransomware group. The US Department of Health and Human Services is initiating a formal inquiry into the cyberattack’s impact on healthcare facilities. Change Healthcare is slowly restoring services after the attack, facing lawsuits and forensic … Read more
March 8, 2024 at 09:39AM Change Healthcare has begun the process of recovering from the ransomware attack by restoring its electronic prescription services. The first services are live, with more expected in the coming weeks. The outage has impacted healthcare providers, leading to payment issues. The ransomware gang responsible may be closing down, possibly in … Read more