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$150 million: the cost of a cyberattack?

Posted on February 17, 2023 by Dissent

The cyberattack reported by CommonSpirit last year has reportedly cost the firm $150 million already. From their unaudited quarterly report:

The Cyber security Incident has had an estimated adverse financial impact of approximately $150 million to date,
which includes lost revenues from the associated business interruption, the costs incurred to remediate the issues and other related business expenses, and is exclusive of any potential insurance related recoveries. We have notified and
continue to consult with our insurance carriers, but are unable to predict the timing or amount of insurance recoveries
at this time.

It would be helpful to see a more detailed breakdown of those costs.  And they still haven’t responded to this site’s questions as to whether they paid ransom or not.

Related posts:

  • CommonSpirit Health Provides Cyberattack Update and Notification of Data Breach Involving Virginia Mason Franciscan Health in Washington state
  • Global Payments revises total breach cost estimates upwards, but wait until you see what *didn’t* cost them
  • CommonSpirit Gets Restraining Order in Missing Patient Info Suit (UPDATED)
Category: Health DataMalwareU.S.

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