Universal Health Services: the Ryuk ransomware attack cost it $67 million

The Universal Health Services (UHS) said that the attack she suffered from the Ryuk ransomware gang in September 2020 "cost" her $67 million. Universal Health Services is an American Fortune 500 company that provides hospital and healthcare services, and employs over 90,000 employees who provide services to approximately 3.5 million patients each year, in more than 400 healthcare facilities in USA and the United Kingdom.

The UHS said a few days ago that the high economic impact of the Ryuk ransomware attack was linked to the fact that the majority of the adverse impact was due to, among other things, acute care services and loss of operating income due to the associated decline in patient activity. These also include certain labor costs, professional fees and other operating expenses incurred as a direct result of this security incident and the related disruption to the Company's operations.

Universal Health Services also incurred significant expenses to restore the Functions IT as quickly as possible.

As BleepingComputer reports, UHS was able to restore most of its affected systems as well as hospital operating systems late last October, after beginning the process of restoring all business operations and IT infrastructure immediately after the attack.

SecNewsTV

Περισσότερα... Subscribe!

Universal Health Services reported that it continues to Research on the incident in question Security, pointing out that so far there is no evidence to suggest that unauthorized Accessed at, theft or misuse data patients/employees.

In October, the US government warned of attacks of Ryuk ransomware against healthcare organizations, including hospitals and healthcare providers.

The associates of the Ryuk ransomware gang have been observed "hitting" around 20 companies per week in the third quarter of 2020 and, starting in November 2020, they are behind a huge wave of attacks on the US healthcare system.

Security researchers estimated that the RaaS business earned at least $150 million. The losses reported by UHS last week follow two other similar disclosures over the past year by IT services provider Cognizant and Norwegian aluminum producer Norsk Hydro. The two companies reported revenue losses of up to $70 million and over $40 million, respectively.