Connect with us

Hi, what are you looking for?

Contribution AmericansContribution Americans

Tech News

UnitedHealth CEO admits it paid $22 million ransom to BlackCat

A number of cursors point toward an unhappy face on a laptop
Photo by Amelia Holowaty Krales / The Verge

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, W…

Continue reading…

You May Also Like

Editor's Pick

On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson discusses the most important chart on all of StockCharts – your default ChartStyle! In addition...

Editor's Pick

Over the previous week, the markets were expected to inch higher; however, at the same time, while it was expected that incremental highs may...

Tech News

Image: David Pierce / The Verge Hi, friends! Welcome to Installer No. 36, your guide to the best and Verge-iest stuff in the world....

Editor's Pick

Now that earnings season has begun, what can you expect the stock market to do, especially after its stellar Q1 run? Well, after a...