Home Internet Security Universal Health Services lost $67 million due to Ryuk ransomware attack

Universal Health Services lost $67 million due to Ryuk ransomware attack


Universal Health Services lost $67 million due to Ryuk ransomware attack

Common Well being Companies (UHS) mentioned that the Ryuk ransomware assault it suffered throughout September 2020 had an estimated impression of $67 million.

UHS, a Fortune 500 hospital and healthcare providers supplier, has over 90,000 staff who present providers to roughly 3.5 million sufferers every year in additional than 400 US and UK healthcare amenities.

UHS mentioned final week that the Ryuk ransomware assault “had an mixture unfavorable pre-tax impression of roughly $67 million throughout the 12 months ended December 31, 2020.”

“The substantial majority of the unfavorable impression was attributable to our acute care providers and consisted primarily of misplaced working earnings ensuing from the associated lower in affected person exercise in addition to elevated income reserves recorded in reference to the related billing delays,” UHS added.

“Additionally included had been sure labor bills, skilled charges and different working bills incurred as a direct results of this incident and the associated disruption to our operations.”

“We additionally incurred important incremental labor expense, each inner and exterior, to revive info expertise operations as expeditiously as attainable.”

Methods restored one month later

UHS managed to restore most affected systems and hospital operations systems during late-October after beginning the method of bringing again all enterprise operations and knowledge expertise (IT) infrastructure instantly after the assault.

“With the back-loading of information considerably full at this level, our hospitals are resuming regular operations,” the corporate mentioned.

Up to now, UHS says that the continued investigation wasn’t capable of finding any proof of unauthorized entry, theft, or misuse of affected person or worker information.

In October, the U.S. government warned of Ryuk ransomware attacks towards healthcare business organizations together with hospitals and healthcare suppliers.

Ryuk associates have been noticed hitting roughly 20 companies every week throughout the third quarter of 2020 and, beginning with November 2020, they’ve been behind a massive wave of attacks on the US healthcare system.

Safety researchers estimated that the RaaS operation made at least $150 million, after following the cash circuit from Ryuk ransomware victims.

The losses reported by UHS final week observe two different related disclosures throughout final 12 months coming made by IT providers supplier Cognizant and Norwegian aluminum producer Norsk Hydro.

The 2 firms reported income losses of up to $70 million and over $40 million, respectively.

h/t DataBreaches

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