Collision Course: The Inevitable Convergence of Third Party Risk and Exposure Management
In February 2024, a ransomware attack on a critical player in the US healthcare infrastructure sent shockwaves through the US and globally. Pharmacies were unable to process prescriptions using patients' insurance, leading to delays in medication dispensing and highlighting the fragility of the healthcare supply chain. Hospitals and medical offices faced severe operational disruptions, struggling to provide patient care, submit insurance claims, and receive payments.