UnitedHealth Projects Cyberattack to Cost $2.45 Billion in 2024

Published on July 18, 2024

Health insurance firm UnitedHealth Group revised up the estimated cost of its February data breach to $2.45 billion for the year while also lowering the company’s earnings estimate for the period. The cyberattack targeted UnitedHealth’s Change Healthcare unit. The company estimated in April that the attack would cost them $1.35 billion to $1.6 billion by the end of this year. UnitedHealth has now bumped up the estimate to $2.3 billion to $2.45 billion, according to a July 19 press release. “The company has restored the majority of the affected Change Healthcare services while continuing to provide financial support to the remaining health care providers in need.”...

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