Legal & Courts  July 20, 2022

Ransomware attack targets Professional Finance Co., affecting 657 health care clients

Up to 2 million patient records could have been accessed nationwide

GREELEY — A ransomware attack against Professional Finance Co. Inc., a Greeley-based accounts-receivable management company, has resulted in a data breach potentially affecting 657 of the company’s health-care-provider clients and almost two million individuals.

The breach, with more than 1.9 million individuals potentially affected, represents the second-biggest data breach affecting health care companies so far in 2022, according to the U.S. Department of Health and Human Services’ Breach Portal. A March attack against Shields Health Care Group Inc. of Massachusetts affected more than 2.4 million individuals.

The Professional Finance breach already has prompted four federal lawsuits accusing the…

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Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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