Norton Healthcare to Pay $11M to Settle BlackCat Lawsuit

Summary

- Norton Healthcare agreed to pay $11 million to settle a class action lawsuit related to a 2023 data theft attack by the Alphv/BlackCat ransomware gang. - The attack affected nearly 2.5 million people and involved the theft of 4.7 terabytes of data.

Why It Matters for Texas Credit Unions

Texas credit unions should be aware of cybersecurity risks and potential legal implications following a data breach, as this case highlights significant financial penalties for non-compliance with data protection standards.

Original Source Material

Cybercrime Gang Allegedly Stole 4.7 Terabytes of Data, Affecting 2.5M Norton Healthcare, which operates nine hospitals and other care facilities in Kentucky and Indiana, has agreed to pay $11 million to settle class action litigation stemming from a 2023 data theft attack by ransomware-as-a-service gang Alphv/BlackCat that affected nearly 2.5 million people.