Cybersecurity Breach at UnitedHealth Group Exposes Vulnerabilities
May 2, 2024, 9:42 am
Change Healthcare
Location: United States, Tennessee, Nashville
Employees: 10001+
Founded date: 2007
Total raised: $24.3M
UnitedHealth Group CEO Andrew Witty faced tough questions from senators about the recent cyberattack on its subsidiary Change Healthcare. The breach, caused by a lack of multi-factor authentication, allowed hackers to access sensitive data and encrypt it with ransomware. Witty admitted to the oversight and revealed that the company paid a $22 million ransom to the attackers. The breach, impacting millions of Americans, highlights the growing threat of ransomware attacks in the healthcare industry.