UnitedHealth Group Inc. experienced a substantial cybersecurity breach at its Change Healthcare unit, leading to significant financial repercussions. The breach resulted in immediate response costs and broader business disruption, totaling approximately $872 million in the first quarter, with projections of the total pre-tax cost reaching between $1.35 billion and $1.6 billion. Additionally, UnitedHealth is allocating $800 million as claims reserves, to address potential claims from providers due to interrupted services since the breach was reported on February 21. The breach has affected both the network security of Change Healthcare and the continuity of services to providers and partners.
"id": "uni457070524",
"linkid": "unitedhealth-group",
"type": "Breach",
"date": "4/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"