UnitedHealth says Change Healthcare cyberattack cost it $872 million [CBS News]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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Source: CBS News
The health insurance giant on Tuesday noted $872 million in "unfavorable cyberattack effects" while reporting its first quarter operations earnings . Those unfavorable effects refer to the February 21 cyberattack on Change Healthcare, which shut down operations at hospitals and pharmacies for more than a week. 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 as a ransom. UnitedHealth confirmed at the time that the cybercriminals behind the attack was a Russia-based ransomware gang known as ALPHV or BlackCat. The group itself claimed responsibility for the attack, alleging it stole more than six terabytes of data, including "sensitive" medical records. UnitedHealth did now reveal how much — if at all — it paid the hackers to have their systems restored, though multiple media sources including Wired Magazine, reported at the time that
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UNH
Earnings
- 4/16/24 - Beat
UNH
Sec Filings
- 4/24/24 - Form 8-K/A
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- UNH's page on the SEC website