Ascension Health warned that the personal data of its patients and staff were compromised during a ransomware attack in May that impacted around 5.6 million people. The incident also significantly disrupted Ascension’s operations, causing ambulances to be diverted and pharmacies to close, as vital IT systems were taken offline. A lack of comprehensive digital data protection law in the US makes the healthcare sector particularly vulnerable to such attacks, the growing scale of which was emphasised in a recent Congressional Research Service report.
Wall Street’s Leaders and Laggards of 2024
2024 was a mixed year for biopharma stocks, with the iShares Biotechnology ETF and SPDR S&P Biotech ETF experiencing small decreases. Federal Reserve decisions caused