McLaren Health Will Pay $14M to Settle Lawsuits in 2 Attacks
Summary
- McLaren Health Care settled ransomware breach lawsuits affecting 2.5 million individuals for $14 million.
- The breaches occurred in 2023 and 2024 by different ransomware groups.
Why It Matters for Texas Credit Unions
Relevant as it highlights the significant financial impact of cybersecurity breaches, which is a critical issue for all credit unions, including those in Texas.
Original Source Material
2023 and 2024 Ransomware Breaches Affected More Than 2.5M Michigan-based McLaren Health Care has agreed to pay $14 million to settle consolidated class action litigation involving two ransomware attacks - allegedly by Alphv/BlackCat in 2023 and by Inc Ransom in 2024 - that affected about 2.5 million patients and employees.