The Bid Picture with Bidemi Ologunde
The Bid Picture podcast provides an array of information concerning cybersecurity. It includes the latest news and facts to keep listeners up-to-date with the most current events and developments in cybersecurity. At the same time, the podcast is not merely a factual digest; it also incorporates a range of opinions, encouraging its audience to consider different perspectives on cybersecurity matters.
The Bid Picture podcast enriches its content by inviting a variety of guests. These guests come from diverse backgrounds, contributing their unique insights to the conversation. By doing so, the podcast ensures a multifaceted discussion, promoting a more comprehensive understanding of cybersecurity.
One of the most distinguishing features of this podcast is its focus on the everyday implications of cybersecurity. Rather than discussing cybersecurity in abstract or theoretical terms, the Bid Picture podcast delves into how these issues affect us on a day-to-day basis. This approach helps listeners to connect with the topic at a personal level and enhances their awareness of the importance and relevance of cybersecurity in daily life.
The Bid Picture with Bidemi Ologunde
335. Unexpected Repercussions from the Change Healthcare Cyberattack.
In this episode, host Bidemi Ologunde discussed the recent data breach at Change Healthcare. The breach was facilitated by the absence of multi-factor authentication (MFA) on their Citrix portal, allowing threat actors to easily access and compromise the system. The attack, attributed to the ALPHV/BlackCat ransomware group, resulted in significant operational disruptions and financial losses estimated at $872 million.
The breach is particularly concerning because medical records, unlike financial information, do not have a shelf life and remain valuable indefinitely. This makes healthcare data a prime target for cybercriminals. The aftermath of the breach has seen a considerable impact on the cash flow of medical providers due to disruptions in payment processing and other critical services.
In response to the breach, government agencies like the Office for Civil Rights (OCR) and the Centers for Medicare and Medicaid Services (CMS) have taken steps to mitigate the impact. CMS, for instance, has allowed states to make interim Medicaid payments to affected providers, and OCR is actively investigating the incident and reminding covered entities of their breach notification obligations under HIPAA.
Lawmakers have also been engaged, with discussions around the breach occurring in senate hearings and the deployment of class-action lawsuits against UnitedHealth Group, accusing it of inadequate cybersecurity measures that led to the breach.