CU InfoSecurity Enforcement Texas Relevant

Capital Health to Pay $4.5M in LockBit Breach Settlement

Summary

- Capital Health agreed to pay $4.5 million in a ransomware breach settlement affecting over 500,000 patients and employees. - The breach was caused by a LockBit ransomware attack in 2023.

Why It Matters for Texas Credit Unions

Relevant as it highlights the significant financial impact of cybersecurity breaches, which is applicable to all credit unions including those in Texas.

Original Source Material

Class Action Stems From 2023 Ransomware Attack Affecting More Than 500,000 Capital Health, which operates hospitals and other facilities in New Jersey and Pennsylvania, agreed to pay $4.5 million to settle consolidated class action litigation involving a 2023 LockBit ransomware and data theft attack affecting more than a 500,000 patients and employees.