UnitedHealth CEO Admits Paying $22 Million Ransom to BlackCat Hackers. CEO Calls It One of the Hardest Decisions of His Career
UnitedHealth CEO Andrew Witty admitted to the Senate that the company paid $22 million in ransom to the BlackCat ransomware gang. BlackCat hacked into Change Healthcare, owned by UnitedHealth, through compromised credentials in February. The hack disrupted healthcare providers for months as UnitedHealth shut down Change Healthcare's system for a week. Some senators said providers are still awaiting payments from claims filed in February. Witty said the decision to pay was entirely his and called it one of the hardest of his career. UnitedHealth handles over one-third of US patient records and oversees 1 in 10 doctors.
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00:00It's Benzinga, and here's what's on the block.
00:02UnitedHealthcare CEO Andrew Whitty admitted to the Senate that the company paid $22 million
00:07in ransom to the BlackCat ransomware gang. BlackCat hacked into Change Healthcare,
00:12which is owned by UnitedHealth, through compromised credentials in February.
00:16The hack disrupted healthcare providers for months as UnitedHealth shut down
00:19Change Healthcare's system for a week. Some senators said providers are still
00:23waiting for payments from claims filed in February. Whitty said the decision to pay
00:28was entirely his and called it one of the hardest of his career. UnitedHealth handles
00:32over one-third of U.S. patient records and oversees one in ten doctors.
00:36For all things money, visit Benzinga.com.