Henry Schein reports more disruption as cyberattackers take credit

Henry Schein (Nasdaq: HSIC) + said today that it is working to bring its ecommerce platform back up after more problems related to its cyberattack.

The medical device manufacturer and distributor said last week that its ecommerce platform and other applications were unavailable and that “the threat actor from the previously disclosed cyber incident has claimed responsibility.”

Today, the company said its ecommerce platform is back online in the U.S. and was expected to be restored in Canada and Europe “shortly.”

Henry Schein said it continued to take orders via alternate methods previously communicated to customers, and continued shipping products.

Earlier this month, the company warned customers and suppliers that their sensitive information may have been exposed in the cyberattack.

Henry Schein first disclosed the cyber security incident in October. A ransomware gang known…

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Henry Schein confirms data breach, details financial impact of cyberattack

Henry Schein (Nasdaq: HSIC) + warned customers and suppliers today that their sensitive information may have been exposed in a cyberattack.

The medical device manufacturer and distributor first disclosed the cyber security incident on Oct. 15. Then this month, a ransomware gang known as BlackCat/ALPHV said they encrypted the company’s systems and stole 35 TB of sensitive data. The cyberattackers said they caused $150 million in losses and threatened to release internal payroll data and shareholder folders.

Today, Henry Schein shared more details on its disruption and financial impacts during today’s earnings call for Q3 (ended Sept. 30).

In letters to customers and suppliers, Henry Schein confirmed the data breach and said bank account and credit card numbers may have been exposed. The company encouraged data security measures for both groups and promised to provide credit monitoring and identify pro…

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Cyber gang threatens to release Henry Schein data in ransomware attack

A cyberattack group known as BlackCat is threatening to release Henry Schein (Nasdaq: HSIC) + data unless the medical device manufacturer and distributor pays a ransom.

BlackCat (also known as ALPHV, both named after the ransomware of the same name) said they’ve encrypted Henry Schein’s systems after failed negotiations with Coveware, which describes itself as “ransomware recovery first responders.”

The cyber gang said they’ve stolen 35 TB of “sensitive data,” including “internal payroll data and shareholder folders.”

Henry Schein disclosed a cyber security incident on October 15 and has offered few details.

The latest update came in a Securities and Exchange Filing this week asking for more time to file its quarterly report for the three months ended Sept. 30. The company said it wouldn’t be able to file on time “due to information access …

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Why cyberattacks targeting pharma are ramping up

Cyberattacks targeting the pharma industry have ramped up during the pandemic, and insider threats and nation-state attacks are on the rise. Meanwhile, the average cost of a pharma breach in 2021 is $5.04 million, according to the IBM-sponsored Ponemon Institute’s Cost of a Data Breach Report. For context, an average data breach incurs damages of $4.24 million.

Pharmaceutical companies are beginning to allocate more resources to cybersecurity, according to Howard Ting, CEO of data detection and response business Cyberhaven (Palo Alto, Calif.).

Pharma companies’ data is increasingly decentralized

The traditional model for protecting sensitive data was to create the networking equivalent to a castle and moat. But in the pharmaceutical industry and elsewhere, sensitive data can no longer be stored under lock and key. Pharmaceutical companies’ data must “move and be shared,” Ting said. For example, a contract manufacturer might need access to sensitive data. …

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