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Bank Info Security 3 months ago

Stryker Hack Affects First Quarter Results

Stryker Has Said It Doesn't Carry Cyber insuranceStryker notified regulators that its March cyberattack will impact the medtech maker's first quarter financial results. The company also does not appear to have a cyber insurance policy in place to help cover costs associated with the disruptive incident claimed by Iranian hackers.

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.

And that's not counting the incoming lawsuits. Thank goodness for insurance, eh? Rackspace's costs from last year's ransomware infection continue to mount: the cloud hosting biz told America's financial watchdog, the SEC, its total expenses to date regarding that cyberattack have now reached about $11 million.…

Most organizations don’t have the financial resources necessary to address ransomware and other cyberattacks, BlackBerry says Black Hat Many organizations are increasingly unprepared to deal with the skyrocketing costs of a ransomware attacks, at a time when the number of incidents and the payments demanded by cybercriminals are rising rapidly.…