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The second-biggest non-profit hospital chain in the US, CommonSpirit Health, the largest Catholic healthcare system, reported that the ransomware assault it experienced in October 2022 cost the company $160 million.
What is Known About the Attack
On October 2, 2022, a ransomware assault led CommonSpirit Health to shut down its systems. This had an impact on more than 100 CommonSpirit locations in the US. More than 623,700 patients’ personal information was made available during the hack.
Investigation into the cyberattack revealed that on September 16, 2022, illegal access was first granted to the CommonSpirit network by the attackers. On October 3, a cyber security breach was found, leading to the removal of the hackers from the network. Which group launched the cyberattack is presently unknown.
The Company’s Loss
The corporation was first estimated to have lost $150 million as a result of the attack, but on May 25, 2023, CommonSpirit revised their estimate to $160 million. Based on business outage expenses, recovery costs, and other costs associated with the business, the organization reported this sum.
Two class action lawsuits against CommonSpirit stem from a ransomware attack are now pending. Both claims assert that CommonSpirit was irresponsible in failing to implement adequate cybersecurity protections, which allowed for the leaking of private data.