UnitingCare Australia ransomware attack and stock price collapse

    UnitingCare, an Australia-based healthcare services provider has reportedly been targeted by a cyber attack that is said to be of ransomware variant. The company that offers care for aged people has confirmed the incident and added that the IT servers of the company have become inaccessible because of a suspected ransomware attack.

    As the hospital network of UnitingCare Queensland was severely affected, the IT systems linked to Brisbane based The Wesley Hospitals and St Andrews War Memorial Hospital, St Stephen Hospitals in Hervey Bay along with Buderim Private Hospital on the Sunshine Coast were disrupted.

    According to a Channel 9 news report, those medical facilities linked to UnitingCare Australia have resorted to manual paper work in their administrative practices.

    The Australian Cyber Security Centre has launched an investigation on who has launched the cyber attack.

    UnitingCare Queensland is looking to restore its systems through backup processes that were deployed long time ago to keep the business continuity intact in the event of catastrophic disasters.

    Coming to the news related to stock price collapse, as per a report released by SC Magazine, ransomware hackers are now selling information to those who have purchased stocks related to a victimized company. And the motive is to additionally put pressure on the victim to pay for avoiding stock price collapse.

    Cybersecurity Insiders has learnt that DarkSide Ransomware group is indulging in such extortion tactics and are specifically targeting companies that are trading on NASDAQ stock exchange.

    Naveen Goud
    Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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