UHS operates 400 facilities throughout the US and overseas. The massive cyberattack hit last September and extended to the following month, too, resulting in the company reporting losses of $55 million pre-tax during the last quarter of the 2020. The organization was forced to suspend IT operations and deliver healthcare using back-up processes, including offline documentation with pen and paper.
To make matters worse, crucial administration functions such as billing and coding were delayed into December 2020, negatively impacting cash flows during the last quarter of the year.
While UHS did not mention the kind of attack it suffered, reports allege the Ryuk Ransomware to be the culprit. However, reports do not state any losses borne from a paid ransom. UHS also did not disclose how the attack occurred, but said it was due to “an IT issue”.
With healthcare organizations being the prime target of cyberattacks, investing in defense is often worth the potential financial losses that can result from being a victim. Hospitals in particular can face damages that extend beyond financial losses – such as lawsuits, diverting patients in need of critical care to locations that are further-away, loss of patient and employee data and more. Read Part 1 and Part 2 of our series on ‘Understanding why cyberattacks are a big threat to the healthcare industry.’
SureShield’s suite of solutions provide an all-in-one defense against bad threat actors. We help you stay on top of your compliance needs while helping you mitigate the risk of data breaches and find vulnerabilities in your networks and systems. Our dark web surveillance system scans the dark web for breached data, giving you the upper hand when it comes to protecting your assets.