As a major processor of medical claims, Change Healthcare’s compromised data could affect a significant portion of the U.S. population. UnitedHealth CEO Andrew Witty estimated in testimony before Congress that nearly one-third of Americans might be affected. Following the attack, healthcare providers faced delays in verifying patient coverage and securing payments, prompting temporary financial relief measures from both the Centers for Medicare & Medicaid Services (CMS) and UnitedHealth.
The breach has proven costly, with UnitedHealth reporting $2.5 billion in losses, including $1.7 billion in response expenses through September 2024. Change Healthcare has been notifying affected customers and individuals since June and is in ongoing discussions with HHS and other regulatory bodies regarding the incident’s scope.
The rising frequency of healthcare data breaches highlights the sector’s vulnerability to cyberattacks, with over 140 million individuals affected by major breaches in 2023 alone, according to HHS.
Source: Cybersecurity Dive
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