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Cyberattack could cost UnitedHealth Group up to $1.6B this year

UnitedHealth Group expects the cyberattack on its Change Healthcare unit to cost the company as much as $1.6 billion this year.

In a financial report released Tuesday, the Minnetonka-based health care giant said it spent about $872 million during the first quarter responding to the cyberattack.

The first quarter numbers provide the fullest accounting so far of financial impacts from the hack, which forced UnitedHealth Group to shut down a widely used claims processing system to contain the threat.

https://www.startribune.com/cyberattack-could-cost-unitedhealth-group-up-to-16b-this-year/600359195/

 

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