Cyberattack Costs UnitedHealth $2.45B Against Profitable Q2

Cyberattack Costs UnitedHealth $2.45B Against Profitable Q2

UnitedHealth Group—the parent company of Change Healthcare, which is still reeling from a massive data breach in February—raised its forecast regarding the financial impact of the cyberattack to as much as $2.45 billion on the year. That’s more than double its previous estimate. Meanwhile, UnitedHealth reported Q2 profits of $4.2 billion and revenue increases of nearly 7%, according to Healthcare Dive. After input from federal officials a few weeks ago, the company was put on-task …

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Another Reminder to be Vigilant for Ransomware Attack

Another Reminder to be Vigilant for Ransomware Attack

Pharmaceutical giant Merck and Heritage Valley Health System are the latest healthcare organizations to be struck with a ransomware attack. The same event created havoc across Europe, as well. Electronic security experts point to a version of the Petya virus as the likely “pathogen.” While Merck was largely mum on how it fared, Heritage Valley said its network had “protections” put in place by its antivirus software vendor to ensure patient care was not disrupted. …

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