Ry ⭐ (h/acc)

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Ry ⭐ (h/acc)

Ry ⭐ (h/acc)

@ryanstellar

Internet American | think macro, build micro | Retkan | @level_up_ca | prev @enzymecorp @Optimizely @medtronic | PMA | h/acc

San Francisco, CA Katılım Ağustos 2008
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Ry ⭐ (h/acc)
Ry ⭐ (h/acc)@ryanstellar·
Part 3 of the $UHC - Change Health Ransomware Attack ✳️Recent developments include DOJ antitrust probe into UnitedHealth and HHS investigation into cyber attack ✳️ Impact extends to companies like McKesson and CVS, disrupting operations ✳️ Lack of clear communication from UnitedHealth prompts calls for regulatory updates and transparency ✳️ Consequences highlight fragility of healthcare system, particularly for community hospitals and providers facing financial strains ✳️ Regulatory interventions, including post-event analysis and mandatory security measures, deemed necessary to prevent future incidents ✳️ Multiple federal agencies involved in enforcement actions to address breach comprehensively ✳️ Recapped earlier episodes for audience members that missed parts 1 and 2: ransomware attack on UnitedHealth, encrypting patient records and demanding ransom allegedly paid via Bitcoin; possibly retaliation against US government threats; disruptions in healthcare services since February 20th;
Ry ⭐ (h/acc)@ryanstellar

Part 2 on the UHG/Change ransomware attack. Timeline of Events: 📅 February 19: ConnectWise discloses limited details of Screen Connect vulnerability. 📅 February 20: ConnectWise deploys hotfix, detection guidance released. 📅 February 21: First wave of ConnectWise related exploits reported in the wild, Sigma HA publishes detection rules. 📅 February 22: ConnectWise suspects non-patched versions are still vulnerable. 📅 March 03: ALPHV's bitcoin wallet drained of supposed $22M from United. 📅 March 04: "Notchy," ALPHV affiliate, airs grievances on RAMP. ALPHV makes a "good game" post. ALPHA announces sales of their ransomware suite for $5M. ALPHA site displayed with "seizure" announcement. 📅 March 05: Health tech leaders call for action to support small clinics, rather than just large hospital systems. HHS issues a statement offering support regarding the cyberattack on Change Healthcare, including the removal or relaxation of prior authorization requirements. HHS Statement Link 📅 March 06: RAMP forum mod awards "Notchy" win in grievance. 📅 March 07: United formally confirms their systems are being rebuilt, and that e-pharmacy and insurance claims processes are not yet resolved. 📅 March 8th: Optum employees report their IT systems are still being integrated, while UHG/Optum execs face criticism for shaming employees over bad IT hygiene. 📅 March 15: UnitedHealthcare and Change Healthcare announce that claim payments will be restored. Discussion Points for Part 2: ✳️ Analysis of the ConnectWise vulnerability disclosure and response. ✳️ Impact assessment of the ConnectWise-related exploits in the wild. ✳️ Speculation on ALPHV's motives and tactics following the draining of their bitcoin wallet. ✳️ Insights into the grievances aired by "Notchy" and the response within the hacker community. ✳️ Examination of ALPHA's announcement regarding the sale of their ransomware suite and the implications for cybersecurity. ✳️ Updates on United's system rebuilding efforts and the ongoing disruptions to e-pharmacy and insurance claims processes. ✳️ Discussion on the challenges faced by Optum employees as they navigate IT system integration, coupled with the criticism faced by UHG/Optum executives for their approach to addressing IT hygiene issues among staff. ✳️ Analysis of the support offered by HHS in response to the cyberattack on Change Healthcare, including the removal or relaxation of prior authorization requirements. Noting the rampant speculation on social media regarding terrorism and conspiracy theories about the motivations and true actors behind the cyberattack. Highlighting the anticipated restoration of claim payments by UnitedHealthcare and Change Healthcare on March 15. Additional Fact: 📊 Change Healthcare processes 15 billion transactions annually and supports 6,000 pharmacies, underscoring the significance of the cyberattack's impact on healthcare infrastructure.

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Eli
Eli@elkelk·
@ryanstellar @mweinbach @Plaid It’s mucu more than $1 per user. It’s more like $.50 to $1 per request, so you call 10 bank accounts per day you could be easily over 200 a month
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Max Weinbach
Max Weinbach@mweinbach·
Let’s see how this is
Max Weinbach tweet media
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Ry ⭐ (h/acc)
Ry ⭐ (h/acc)@ryanstellar·
@elkelk @mweinbach @Plaid I guess, so, if Plaid comes out to like $1/user/mo that's like a $1b/mo (a 100% adoption). Could see it working for all paid plans though.
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Eli
Eli@elkelk·
@mweinbach Doesn’t this cost a fair bit of money to pull from bank / cc apis? Are they just footing the bill?
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Forward Guidance
Forward Guidance@ForwardGuidance·
NEW ROUNDUP: The Consumer Cushion Is Almost Gone We Cover: 🔸 Main Street breaking 🔸 Earnings exploding 🔸 Who removes the punchbowl? 🔸 Children’s fundraiser & more! @Tyler_Neville_ @qthomp @fejau_inc Links Below ↓
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James
James@JamesEastonUK·
We are teetering on the absolute EDGE. I am SHAKING.
James tweet media
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Bully
Bully@BullyEsq·
Tech is the canary in the coal mine. Massive, jaw dropping white collar layoffs are coming in the next 2-4 years. Anyone who has used this stuff at the enterprise level knows it. It’s just a matter of time now.
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Nikhil Krishnan
Nikhil Krishnan@nikillinit·
in retrospect it was a mistake to both concentrate my career in healthcare AND my investing in healthcare
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Bill Clerico
Bill Clerico@billclerico·
Claude Code is Farmville for 40 year old former software engineers
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Ry ⭐ (h/acc)
Ry ⭐ (h/acc)@ryanstellar·
@marcjoffe i mean hear you, land is just contested wit such wild intensity here -- seems density is the only path to expand and that will be a war
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Marc Joffe
Marc Joffe@marcjoffe·
@ryanstellar We have scrub land in eastern Contra Costa too. It's just not legal to put subdivisions on it.
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Marc Joffe
Marc Joffe@marcjoffe·
Celina, TX with no rail transit and 97% single family housing is America's fastest growing city. This is the kind of place that is attracting young families. Will CA ever learn or will we just keep doubling down on "sprawl" restrictions like Contra Costa Mesure A?
Marc Joffe tweet media
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Ry ⭐ (h/acc)
Ry ⭐ (h/acc)@ryanstellar·
Clarity advancing is probably a signal to long @goldfinch_fi and private credit categories. As local lending will get eaten alive by stablecoin yields besting savings accounts, breaking down the network effects in small lending.
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Rob Freund
Rob Freund@RobertFreundLaw·
Here's another one for the "no one is getting trouble for fake reviews, bro" crowd. Homeaglow advertised an "Excellent" 5-star rating based on 6,406 reviews from TrustPilot. Washington AG said the real rating was 1.3 stars based on just 2,000 reviews. Homeaglow will pay $2.3 M.
Rob Freund tweet media
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Ry ⭐ (h/acc)
Ry ⭐ (h/acc)@ryanstellar·
@Polymarket Still earning and average of $600k a year…or 10x the U.S. median… So probably not that low
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Polymarket
Polymarket@Polymarket·
JUST IN: Meta employee morale is reportedly at “historic lows”
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