Abbvie, a healthcare stock, has shown promising growth potential despite its lackluster returns this year, making it a more attractive investment option than Nvidia, which has a high valuation. Abbvie’s revenue growth has been impacted by the loss of exclusivity of its best-selling drug, Humira, but the company has offset this decline with the success … Read more
NVIDIA has been a strong stock with potential for long-term investors, but its high valuation, trading nearly 40 times its forward earnings, presents risks. The company already sees significant future growth, making it challenging for the stock to continue generating high returns. Compared to NVIDIA, there are better investment opportunities in other industries like healthcare. … Read more
A recent report from a health care insurers management service has revealed a breach that occurred in 2023. This breach has raised concerns about the security of patient information within the healthcare industry. In other cybersecurity news, IBM has announced its unexpected exit from the cybersecurity software market. This move has caught many industry experts … Read more
The Connected Health M2M market report, titled “Connected Health M2M Market Insights, Forecast to 2032,” published by AMA Research, provides insights into the market size and growth estimates, along with strategic steps taken by competitors. The report is derived from primary and secondary sources, including expert opinions, patent analysis, and market development activities. It highlights … Read more
The recent ransomware attack on US healthcare technology company Change Healthcare was facilitated by the use of stolen credentials to gain remote access to the company’s systems that lacked multi-factor authentication (MFA). This revelation came from UnitedHealth Group (UHG) CEO Andrew Witty, who provided written testimony ahead of a House subcommittee hearing on the cyberattack … Read more
UnitedHealth has confirmed that Change Healthcare’s network was breached by the BlackCat ransomware gang, who used stolen credentials to access the company’s Citrix remote access service without multi-factor authentication enabled. This information was disclosed in written testimony from UnitedHealth CEO Andrew Witty prior to a House Energy and Commerce subcommittee hearing. The ransomware attack on … Read more
The CEO of UnitedHealth is scheduled to testify this week regarding a cyberattack that caused significant disruptions. The attack has raised concerns about the company’s cybersecurity measures and the potential implications for their customers. The CEO will have to provide an explanation of what happened during the attack and what steps are being taken to … Read more
Hackers were able to breach Change Healthcare’s IT systems by exploiting a vulnerability in a Citrix remote desktop access product, as stated by Andrew Witty, CEO of UnitedHealth, the parent company of Change Healthcare. This information will be discussed during Witty’s testimony before the House Energy and Commerce Committee later this week, as reported by … Read more
The UnitedHealth Group has confirmed that the BlackCat/Alphv ransomware group successfully breached Change Healthcare in February by utilizing compromised credentials for a Citrix remote access portal that lacked multi-factor authentication. This information was validated through a prepared statement released by UnitedHealth Group CEO Andrew Witty titled “Examining the Turnaround Healthcare Cyberattack” ahead of a House … Read more
UnitedHealth Group CEO Andrew Witty is set to testify before the United States House of Representatives Subcommittee about a cyberattack on Change Healthcare in February. The attack utilized Citrix remote access software, according to Witty’s written testimony. Following the attack, UnitedHealth immediately severed connectivity with Change Healthcare’s data centers to prevent further infection. The hackers … Read more