Ransomware Attack's Economic Impact: $67 Million

March 2, 2021

Universal Health Services' Financial Statement Spells Out the Effects

Ransomware Attack's Economic Impact: $67 Million

In an eye-opening look at the cost burden of a ransomware attack, Universal Health Services reports that an incident last September had a $67 million economic impact - citing, for example, the need to divert patients to competing facilities for urgent care.

Although UHS, which reported net revenue of nearly $11.6 billion in 2020, expects insurance to cover much of the cost, some security experts caution other organizations to carefully check the coverage terms of their policies.

Marti Arvin, Executive Advisor at CynergisTek, offered commentary for this article, where she discusses ransomware attacks and other disruptive cyber incidents that have been surging in the healthcare sector, especially during the COVID-19 pandemic. 

Click here to read the full story.

Previous Article
‘Accountability framework’ proposed to promote secure health care practices
‘Accountability framework’ proposed to promote secure health care practices

David Finn covers a new report from the CyberPeace Institute highlighting the toll that cyberattacks are ta...

Next Video
Roundtable - Discussing Information Blocking
Roundtable - Discussing Information Blocking

An informal roundtable discussion of the implementation woes related to the ONC Information Blocking rule w...