May 6, 2024 at 08:03AM Cybercriminals target small- and medium-sized businesses (SMBs) due to their limited resources, making them vulnerable to attacks. With cyberattacks leading to financial losses and operational disruptions, investing in a managed endpoint detection and response (EDR) solution, such as Huntress Managed EDR, supported by a 24/7 Security Operations Center, can help … 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
March 6, 2024 at 07:39AM Capita reported a net loss of £106.6 million in 2023 due to a cyberattack by the Black Basta ransomware group, which incurred costs exceeding initial estimates. This resulted in a 20% drop in market capitalization. The new CEO plans further cost cuts to save £100 million by mid-2025. Capita continues … Read more
February 3, 2024 at 04:40PM Clorox confirmed a cyberattack in September 2023, costing $49 million in expenses. The incident led to production disruption and decreased availability of products. The company incurred expenses for third-party consulting, IT recovery, forensic experts, and professional services to investigate and remediate the attack. Recovery efforts are ongoing, and Johnson Controls … Read more