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Earlier this year, Change Healthcare , a subsidiary of UnitedHealthcare, experienced a ransomware attack that came into the organization’s network through a third-party provider, resulting in a theft of 4TB of data and costing Change $22 million in ransom. healthcare organization.”
There has also been a downward trend in improper disposal incidents and unauthorized access/disclosure incidents, but data breaches continue to increase due to a massive increase in hacking incidents and ransomware attacks.In In 2019, hacking accounted for 49% of all reported breaches. in 2015 and involved the records of 78.8
According to WestMonroe (2021), a critical component of consideration during M&A target analysis and duediligence is the Information Technology (IT) supporting the target entity. Maintaining outdated systems may also bring an increase in risk around cyber security and the increasingly common incident of ransomware attacks.
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