Home Healthcare Cybersecurity Monetary dangers for UnitedHealth after Change Healthcare cyberattack: Moody’s

Monetary dangers for UnitedHealth after Change Healthcare cyberattack: Moody’s

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Monetary dangers for UnitedHealth after Change Healthcare cyberattack: Moody’s

UnitedHealth Group’s Change Healthcare has fallen sufferer to a cyberattack, marking a credit-negative occasion for the corporate, in line with Moody’s.

“The cyberattack against UnitedHealth Group, one of the largest U.S. commercial prescription processors, is credit negative for the company, as financial and reputational impacts may ensue,” Dean Ungar, vice chairman and senior credit score officer for Moody’s Buyers Service, advised Becker’s in an emailed assertion. “Reportedly, the impact is limited to its subsidiary Change Healthcare, which is relatively small compared to the consolidated company.”

Change Healthcare reported a “cybersecurity incident” on Feb. 21 that disrupted connectivity and healthcare operations nationwide.

Restricted data has been disclosed concerning the specifics of the cybersecurity incident. Nevertheless, a Feb. 21 submitting with the Securities and Trade Fee reveals that UnitedHealth Group detected the presence of a cyber menace actor suspected to be related to a nation-state.

The intruder had efficiently accessed sure Change IT techniques, in line with the submitting.

The AHA has warned hospitals and well being techniques to disconnect from Change Healthcare techniques. Danville, Pa.-based Geisinger is likely one of the organizations that has already done so.

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Date: 2024-02-23 14:24:07

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