Ryuk ransomware to cost Universal Health Services $67 million
A ransomware attack on Universal Health Services (UHS) on September 2020 had an estimated impact of $67 million in downtime and related expenses, it has revealed. The Fortune 500 healthcare organization has tens of thousands of employees in the US and UK and annual revenues exceeding $10 billion.
The information technology applications were offline, patient care was delivered safely and effectively at our facilities across the country utilizing established back-up processes, including offline documentation methods,” it explained in a new financial filing.
The substantial majority of the unfavorable impact was attributable to our acute care services and consisted primarily of lost operating income resulting from the related decrease in patient activity as well as increased revenue reserves recorded in connection with the associated billing delays," UHS said.
Also included were certain labor expenses, professional fees and other operating expenses incurred as a direct result of this incident and the related disruption to our operations."
"We also incurred significant incremental labor expense, both internal and external, to restore information technology operations as expeditiously as possible.
TurboHire marks its availability in the Microsoft Azure Marketplace
TurboHire has announced its availability in the Microsoft Azure Marketplace. TurboHire&rsq...
Siemens adds to its digitalization portfolio for the Indian machine tool industry
With an innovative and class leading portfolio of hardware and software solutions to bring...
Gartner reports 1.1% growing revenue of Worldwide Semiconductor in 2022
According to preliminary results by Gartner, worldwide semiconductor revenue increased 1.1...
Hikvision showcases Problem-Solving Retail Security Solutions in National Retail Federation Show
Hikvision is excited to attend the National Retail Federation’s NRF 2023 Retail Show...
Canalys Forums 2023 coming to Bangkok, Barcelona and Palm Springs
Canalys has announced the dates and locations for its 2023 forums, with the global analyst...
SIITF 2022: Digital transformation is creating opportunities for innovation across industries
Consumer preferences continue to change, straining already tight margins and stranding com...
TiE organizes its 7th edition of Global Summit
The grand finale of the TiE Global Summit 2022 saw some of the finest and power-packed seg...