Cybersecurity

UnitedHealth Group lost $1.4B in Q1 2024 following cyberattack

April 18, 2024 - UnitedHealth Group experienced a $1.4 billion net loss in the first quarter of 2024, but revenues increased by almost $8 billion year-over-year. The company said the growth and medical care activity were consistent with expectations and the effects of the Change Healthcare cyberattack. UnitedHealth Group has provided over $6 billion in advance...

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How can payers be prepared to manage third-party security incidents?

by Victoria Bailey

Security breaches and cyberattacks occur in the healthcare space at alarming rates, creating privacy concerns for all stakeholders involved. While provider organizations are the most common entities in healthcare that experience a security...

HHS, payers meet to address Change Healthcare cyberattack response

by Kelsey Waddill

Officials from the Department of Health and Human Services (HHS) met with 15 health insurance companies, including major payers and organizations like UnitedHealth Group, Elevance Health, and...

AHIP Shares Privacy, Cybersecurity Goals To Protect Consumer Data

by Kelsey Waddill

AHIP has shared its goals and priorities for upholding health IT security and privacy around consumer data in two press releases issued by the AHIP board of directors and the organization’s chief...

KPMG: Cybersecurity Breaches on the Rise for Healthcare Payers

by Jennifer Bresnick

Healthcare payers are increasingly becoming targets of cybersecurity breaches, both malicious and accidental, according to a new survey from KPMG.  Cybersecurity incidents resulting in...

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