On this gripping episode of Security on Tap, we undertake a detailed exploration of the recent, impactful cybersecurity incident at Change Healthcare. We outline the events that unfolded on February 21st when Change Healthcare became the latest casualty of Black Cat/Alf V's sinister ransomware service. We shed light on the monumental repercussions this episode has had on the healthcare industry, disrupting pharmacies, SMB healthcare institutions, and even Medicare. Additionally, we emphasize the critical importance of disaster recovery, business continuity planning, and rigorously evaluating third-party risks and supply chain vulnerabilities. We further broach topics including the security-related implications of mergers and acquisitions, and the vital need for sound identity verification and advanced authentication measures in the face of a surge in cyber threats. The episode also delves into more profound aspects of cybersecurity, such as 502 compliance, privileged access management, and the rising threat of social engineering. We demonstrate how essential cybersecurity training for employees can drastically minimize potential threats in sectors like healthcare.