Nashville-based SmileDirectClub says it experienced a systems outage caused by a cybersecurity incident on April 14. The company says it was “able to successfully block the attack” and that it paid no ransom. Despite insurance coverage, the incident may have a “material impact” on the company’s overall financial results, the SEC filing says. The financial impact of a cyber incident is frequently underestimated, expert says. For healthcare entities, cyber incidents typically can lead to a 10% reduction in revenue from lost charges.”]
Source: https://www.bankinfosecurity.com/smiledirectclub-attack-taking-big-bite-out-revenue-a-16526