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Bank Info Security 2 years, 2 months ago

State AGs, Industry Groups Urge Action in Change Health Saga

Calls for More Aid to Providers Come as Parent Company UHG Grapples With BreachTwenty-two state attorneys general and some industry groups are urging Change Healthcare's parent company and regulators to be transparent and give more financial aid to providers as the firm recovers from a highly disruptive cyberattack and the industry braces for massive breach notifications.

Bank Info Security 2 years, 3 months ago

Change Healthcare Attack 'Devastating' to Doc Practices

AMA Survey Finds 80% of Practices Lost Revenue From Unpaid ClaimsThe IT services disruptions resulting from the Change Healthcare cyberattack is continuing to have a "devastating" effect on physician practices, threatening the financial viability of many and posing serious implications to patient care, said the American Medical Association in a new study.

Bank Info Security 2 years, 3 months ago

UnitedHealth Admits Patient Data Was 'Taken' in Mega Attack

US Government Offers $10M Bounty to Track Down Leadership of BlackCat Crime GroupUnitedHealth Group has admitted data was "taken" in the cyberattack on Change Healthcare and has just started analyzing the types of personal, financial and health information potentially compromised. The U.S. is offering a $10 million bounty for BlackCat, which claims to have launched the attack.

Bank Info Security 2 years, 3 months ago

Nursing Home Declares Bankruptcy, Blames Recent Cyberattacks

Also, Senate Bill Proposes Payment Relief for Firms Meeting Cyber 'Standards'A nursing home operator is seeking bankruptcy protection, citing the effects of a ransomware attack last fall and fallout from the recent Change Healthcare outage as factors that contributed to its financial woes. Also, a Senate bill aims to address cash flows for some health firms hit by an attack.

Bank Info Security 2 years, 4 months ago

Optum Offering Financial Aid to Some Providers Hit by Outage

But Hospital Lobby Group Contends Funding Is 'Onerous' and 'Exceedingly' LimitedTwo weeks into a major cyberattack-induced outage at its Change Healthcare business, UnitedHealth Group is offering short-term financial aid to some healthcare providers whose cash flows may be running short because of the disruption in insurance payments. But not everyone is impressed.

While cyberattacks on websites receive much attention, there are often unaddressed risks that can lead to businesses facing lawsuits and privacy violations even in the absence of hacking incidents. A new case study highlights one of these more common cases.  Download the full case study here

New federal cybersecurity rules will set timelines for critical infrastructure sector organizations — those in chemical, manufacturing, healthcare, defense contracting, energy, financial, nuclear, or transportation — to report ransomware payments and cyberattacks to CISA. All parties have to comply for it to work and help protect assets.