UnitedHealth CEO defends ransom payment in testimony on cyberattack [Yahoo! Finance]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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Source: Yahoo! Finance
In February, a Russia-based hacker group infiltrated the computer system of UnitedHealth subsidiary Change Healthcare in an attack that shut down operations at hospitals and pharmacies for more than a week. In his written testimony prepared for Wednesday's hearing on Capitol Hill, UnitedHealth CEO Andrew Witty defended the health giant's decision to pay a ransom to the cybercriminals and explained how the attack began. "Criminals used compromised credentials to remotely access a Change Healthcare Citrix portal, an application used to enable remote access to desktops," Witty said, sharing details on what led to the massive data breach. "The portal did not have multifactor authentication. Once the threat actor gained access, they moved laterally within the systems in more sophisticated ways and exfiltrated data. Ransomware was deployed nine days later." UnitedHealth blamed the breach on ransomware gang ALPHV or BlackCat . The group itself claimed responsibility for the attack, alle
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- 5/9/24 - Form 10-Q
- UNH's page on the SEC website