In today’s era of escalating cyber threats, major corporations are compelled to rethink their crisis management and financial strategies. Recently, UnitedHealth Group – the American healthcare giant – found itself reentering the spotlight. Following a large-scale ransomware attack on its technology branch, Change Healthcare, in February of last year, the company is now demanding that its service providers return the substantial credits they received. The nearly US$9 billion in credits originally granted to help providers overcome operational hurdles is now at the center of renewed discussions about digital risk management and financial accountability.
A ransomware attack targeting Toppan Next Tech (TNT), a key data supplier for some of Asia's largest financial institutions, has raised concerns over potential data breaches involving clients of DBS Group and Bank of China. While both banks assured customers that their internal systems remain secure, the incident has shone a spotlight on cybersecurity risks and the importance of safeguarding sensitive financial data.