UnitedHealth CEO admits it paid $22 million ransom to BlackCat [Verge, The]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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Source: Verge, The
Share this story Health insurance provider UnitedHealth paid a multimillion-dollar ransom to hackers who broke into one of its subsidiaries , disrupting healthcare providers across the country for months, CEO Andrew Witty confirmed on Wednesday. In a hearing before the Senate Committee on Finance, Witty said the decision to pay the $22 million ransom was entirely his. “This was one of the hardest decisions I've ever had to make,” he said. UnitedHealth admitted last month that it had paid a ransom to the hackers who breached the Change Healthcare system — which is owned by UnitedHealth — but didn't disclose the sum. In March, the company attributed the breach to BlackCat , the same entity responsible for the MGM casino hack in Las Vegas. That same month, Wired reported that BlackCat, which also goes by ALPHV, received a $22 million transaction on Bitcoin on March 1st. BlackCat previously claimed it netted more than six terabytes of data as part of the hack, which it carried out
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