Pinar Ormeci’s Post

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CEO and Board Member @ Timus Networks | Global Tech Executive & Cybersecurity Evangelist | In "Top 50 Women CEOs" for 2023 | Investor

This is something out of a horror story: UnitedHealth Group, which operates United Healthcare, and Optum, disclosed that the recent #cyberattack & #ransomware cost the insurance giant a whopping $870 million in Q1 2024, with nearly $600 million for system restoration and response effort direct costs. And you know how the hackers got to the system? According to the CEO testimony this is how easy it was: "On February 12, criminals used compromised credentials to remotely access a Change Healthcare Citrix portal, an application used to enable remote access to desktops. The portal did not have multi-factor authentication. Once the threat actor gained access, they moved laterally within the systems in more sophisticated ways and exfiltrated data. Ransomware was deployed nine days later." #msp friends, contact Timus Networks today to discuss how we can protect you and your clients with solid zero trust network security, including minimizing RDP risks. #mspfirstvendor #ztna #sase #rdp https://lnkd.in/dFa6wVtc

Witty_Testimony_OI_Hearing_05_01_24_5ff52a2d11.pdf

Witty_Testimony_OI_Hearing_05_01_24_5ff52a2d11.pdf

d1dth6e84htgma.cloudfront.net

They are now saying up to a third of Americans have had their information exposed. All thanks to the failure to implement MFA on a Citrix account.

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This incident highlights the critical importance of robust security measures. Implementing a multi-factor authentication and a zero-trust approach can significantly mitigate such risks. How do you think organizations can better prepare to handle sophisticated cyber threats?

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Brent Whitfield

Director of Equity Partnerships, New Charter Technologies & Founder DCG Technical Solutions

7mo

wow

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