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In the News

How the ransomware attack at Change Healthcare went down: A timeline

August 21, 2024

Earlier this year, Change Healthcare, a UnitedHealth-owned health tech company, suffered a significant ransomware attack, resulting in what is likely one of the largest data breaches of U.S. health and medical data. The attack, attributed to the ALPHV/BlackCat ransomware gang, caused widespread outages across the healthcare sector, disrupting billing and prescription services. Although UnitedHealth paid a $22 million ransom for a "safe" copy of the stolen data, issues persisted as affected individuals began receiving breach notifications. UnitedHealth confirmed the breach impacted a substantial portion of the U.S. population, with potentially over 100 million individuals affected. The incident, rooted in compromised security protocols, highlights vulnerabilities in handling sensitive healthcare data and has prompted increased bounty efforts from the U.S. government to locate those responsible.

How the ransomware attack at Change Healthcare went down: A timeline TechCrunch

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No Deal: Action1 Rebuffs CrowdStrike's Interest in $1B Buy

August 21, 2024

Action1, a patch management and vulnerability remediation startup, has declined a $1 billion acquisition offer from CrowdStrike to remain independent. Co-founder and President Mike Walters believes that staying independent allows the company to capitalize on its unique technology and dedication to patch management, projecting that Action1 can grow into a multibillion-dollar business. The founders' previous success with Netwrix and the company's financial independence contribute to this decision, allowing them to prioritize long-term growth. Customer sentiment also played a role, with many expressing concerns that an acquisition might negatively impact Action1's existing offerings.

No Deal: Action1 Rebuffs CrowdStrike's Interest in $1B Buy BankInfoSecurity

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Employer healthcare costs projected to rise 9% in 2025: Aon

August 20, 2024

Employer healthcare costs are projected to rise by 9% in 2025, pushing the average plan cost per employee over $16,000, according to Aon. This increase, driven by inflation, higher prices for specialty drugs, and growing demand for glucagon-like peptide 1 (GLP-1) medications, follows a 6.4% rise in 2024. As most non-elderly Americans get their insurance from employers who cover about 81% of costs, the burden is increasingly being passed to employees through higher premiums and deductibles. Despite plans to maintain health benefits, nearly half of employers may shift more costs onto workers, exacerbating affordability issues.

Employer healthcare costs projected to rise 9% in 2025: Aon HealthCare Dive

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IDC: Expect AI spending to more than double to $632B

August 20, 2024

Research firm IDC projects that global spending on artificial intelligence (AI) will grow at an annual rate of 29% through 2028, reaching $632 billion. Key drivers for this increase include the integration of AI, especially generative AI (genAI), into various products. Financial services, banking, software, information services, and retail sectors are set to account for 45% of total AI expenditure. While genAI's share will be one-third of overall AI spending, its growth rate is expected to outpace the broader AI market. The U.S. will lead in AI investments, with anticipated spending of $336 billion by 2028. IDC also notes a significant rise in AI software demand, which will comprise more than half of total AI technology spending.

IDC: Expect AI spending to more than double to $632B Computerworld

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Insights by Kate Gamble
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