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Hospital giant Ascension recorded about $1.3 billion in losses from a cyberattack, significantly impacting its turnaround efforts. The two-month system-wide cyber-ransom attack resulted in over $1 billion in lost revenue and directly translated to a $1.4 billion loss for the fiscal year 2023-2024. Ascension's finances were on track for a strong recovery until the cybersecurity issues caused major setbacks, culminating in a $1.8 billion operating loss for the fiscal year ending June 30, 2024.
Ascension’s finances were on track for a strong recovery until cybersecurity issues threw a wrench in its operations and revenues. Across the 2024 fiscal year ended June 30, the Catholic giant reported a $1.8B operating loss https://t.co/RNsoXZQxSB
Pretty stunning that the 2 month system side cyber-ransom attack cost @AscensionHealth over $1bn in lost revenue & translated directly to a $1.4bn loss in FY 2023-4 https://t.co/Insk4eTgu0
Focus: UnitedHealth tech unit's rivals say new, post-hack customers are staying https://t.co/PakNwan6Sl https://t.co/twJn4QrA3C
