The $872 million includes "the Change Healthcare business disruption impacts and exclude the cyberattack direct response costs," which likely excludes any amount UnitedHealth may have paid to hackers in ransom. UnitedHealth confirmed on the day of the breach that the cybercriminals behind ...
Data leaks and breaches are an unfortunate reality of modern life,as they seem to be occurring with relative frequency. The latest high-profile incident impacts customers of UnitedHealth Group, whose subsidiary, Change Healthcare, reportedly suffered a ransomware attack, resulting in the breach of ...
UnitedHealth, whose Change Healthcare unit was at the center of the breach, said it was aware of the statement and was “looking into it.” Blackcat said it stole data from partners including Medicare, the U.S. military medical health agency Tricare, CVS Health and other companies. The cla...
"Change Healthcare was a relatively older company with older technologies, which we had been working to upgrade since the acquisition," Witty said. "But for some reason, which we continue to investigate, this particular server did not have MFA on it." Multifactor authentication adds a second ...
The ransomware strike that wrecked systems at UnitedHealth’s Change Healthcare subsidiary will likely be the largest health-care data breach in the US to date, the company said. It’s also among the most costly hacks ever, denting UnitedHealth’s profit by as much as $1.6 billion this ye...
Change Healthcare helps pharmacies verify a patient’s insurance coverage for their prescriptions, and some reports indicate that some people have been forced to pay for their prescriptions in cash, theTimesreported. Shortly after UnitedHealth discovered the security breach, the company shut down...
The UnitedHealth Group said it is making progress in its recovery from one of the worst cyberattacks on a health care system in United States history.
The scale of the hack makes it the worst healthcare data breach in the country. BY REUTERS OCT 25, 2024The February hack at UnitedHealth’s tech unit Change affected the personal information of 100 million people, the U.S. health department’s website showed, making it the largest health...
UnitedHealth Group said Wednesday evening that its unit Change Healthcare’s pharmacy network was back online, weeks after a cyberattack had a knock-on effect across the country’s healthcare system that depends heavily on insurance. Change Healthcare processes about 50% of medical claims in the...
UnitedHealth Group continues to eat costs from a massive cyberattack to its Change Healthcare business. Full story Get the latest on healthcare leadership in your inbox. Subscribe Share this: Tagged Under: business strategy costs data breach earnings payers profit ...