Government Personnel Mutual Targeted by Lockbit2 Ransomware Group

Company Overview

Government Personnel Mutual is a company that operates in the Insurance sector. The company has existed for nearly 50 years and is a not-for-profit, member-owned health plan providing healthcare to 79,000 members and their dependents in south central Wisconsin.

Vulnerabilities and Impact

The attack on GPM highlights the ongoing threat of ransomware attacks in the Insurance sector. The Lockbit2 group has been known to target various industries, including healthcare, and has been responsible for disrupting business operations and causing significant financial losses. The impact of the attack on GPM is not yet clear, but it is likely to cause disruptions in their operations and potentially expose sensitive information.

Mitigation Strategies

While the article does not provide specific information about the size of the company or its unique features in the Insurance sector, it is essential for all companies to implement robust cybersecurity measures to mitigate the risk of ransomware attacks. This includes regular software updates, employee training, and the use of multi-factor authentication.

Sources

• CNN: Cyberattack on insurance giant disrupting business for doctors and therapists
• NBC News: Ransomware attack on U.S. health care payment processor 'most serious incident of its kind'
• IAPP: Health insurance company allegedly paid $22M to recover data after ransomware attack
• The Record: After failed ransomware attack, hackers stole data on 533k people from Wisconsin insurance company
• Scientific American: Cyberattack Sabotages a Major U.S. Health Insurance System