Cyberattack news and trends

Hackers Were in Change Healthcare System 9 Days Before Ransomware Attack
Cybersecurity // April 22, 2024

Hackers were reportedly in the networks of UnitedHealth Group’s Change Healthcare unit for days before launching their ransomware strike. They gained entry to the networks on Feb. 12, using compromised credentials on an application that allows staff to remotely access systems, The Wall Street Journal...

Next-Gen Fraud Strategies Use Data to Onboard Customers Safely
Opinion // April 18, 2024

Business need to fight fraud with data, says Bryan Lewis, CEO of Intellicheck. He breaks it down in the new PYMNTS eBook, “The Implications of Uncertainty.”   Data breaches and mail theft have resulted in a record level of available compromised identity information, payment information, login information...

UnitedHealth Takes $872 Million Hit From Ransomware Attack
Earnings // April 16, 2024

The recent cyberattack on UnitedHealth Group’s Change Healthcare unit cost the company $872 million. Speaking during an earnings call Tuesday (April 16), CEO Andrew Witty said a bulk of that figure — around $595 million — were direct costs due to “the clearinghouse platform restoration and other response efforts,” such...

Congress Calls for Proactive Policies to Combat Security Breaches
Cybersecurity // April 16, 2024

The internet looks very small to an attacker, but massive to a defender. And a persistent reality of the 21st century’s connected economy is that many digital doors are left open for bad actors and cyber adversaries to walk through as they see fit.  Just...

Interviews & Exclusives
Next-Gen Fraud Strategies Use Data to Onboard Customers Safely

April 18, 2024
Business need to fight fraud with data, says Bryan Lewis, CEO of Intellicheck. He breaks it down in the new PYMNTS eBook, “The Implications of Uncertainty.”   Data breaches and mail theft have resulted in a record level of available compromised identity information, payment information, login information and even stolen checks. It has been said that “At […]

Congress Calls for Proactive Policies to Combat Security Breaches

April 16, 2024
The internet looks very small to an attacker, but massive to a defender. And a persistent reality of the 21st century’s connected economy is that many digital doors are left...

Healthcare Data Breaches Present Obstacle to Digital Transformation

February 25, 2024
Last week’s data breach of United Health Group’s (UHG) prescription provider comes at a critical time in the digital transformation of connected healthcare. Just as evidence shows clinicians are seeing...

The Modern Fraud Dilemma: It’s Good AI Against Bad AI 

August 23, 2023
Generative artificial intelligence (AI) is making everything easier, including scams. Bloomberg reports that the world’s banking industry is “scrambling” to contain the risk of AI-generated criminal attacks. And insiders have repeatedly told PYMNTS...

Quick Reads
UnitedHealth Still ‘Trying to Dig Through’ Cause of Cyberattack

May 01, 2024
UnitedHealth’s CEO said the company is still investigating a security failure behind a massive cyberattack. Testifying before the Senate Finance Committee Wednesday (May 1), Andrew Witty said the company has not yet determined why its computer systems were left open to a ransomware gang that crippled the U.S. healthcare system earlier this year. According to […]

Hackers Were in Change Healthcare System 9 Days Before Ransomware Attack

April 22, 2024
Hackers were reportedly in the networks of UnitedHealth Group’s Change Healthcare unit for days before launching their ransomware strike. They gained entry to the networks on Feb. 12, using compromised...

UnitedHealth Takes $872 Million Hit From Ransomware Attack

April 16, 2024
The recent cyberattack on UnitedHealth Group’s Change Healthcare unit cost the company $872 million. Speaking during an earnings call Tuesday (April 16), CEO Andrew Witty said a bulk of that figure — around $595 million...

Senate Bill Aims to Incentivize Cybersecurity in Healthcare Industry

March 25, 2024
Proposed federal legislation would accelerate Medicare payments to healthcare providers that have suffered a cyberattack, if they and their vendors meet minimum cybersecurity standards. This bill, the “Health Care Cybersecurity...