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> UnitedHealth likely paid around $22 million in bitcoin to the attackers $22-million???!!! I'm guessing they'll recoup through some sort of insurance for thi
by jimt1234 3y ago
> UnitedHealth likely paid around $22 million in bitcoin to the attackers
$22-million???!!!
I'm guessing they'll recoup through some sort of insurance for this type of thing. But honestly, what insurer would pay out for that? It's like they didn't even try to secure their systems.
- alexriddle 3y agoI’m fairly sure it was confirmed they don’t have any standalone cyber cover so probably no insurance will be picking up the tab. I work for a cyber insurer (who are trying to reduce the risk of compromise, alongside transferring some of the risk via insurance) - providing they’ve not been misleading in their application, we take the risk as we find it and can’t just not pay because of poor cyber controls.
- pxeger1 3y agoHow is it not illegal to pay the ransom? Knowingly giving money to organised criminals for something that shouldn’t happen in the first place?
- lithos 3y agoThere are agency and executive order level rules forbidding insurance from covering/paying out for those types of losses. Though given the size of involved parties just about anything can be waived (especially with legal threat of an agency losing power over a court striking it down).