"Healthcare Giants Grapple with Billion-Dollar Costs of Cyberattacks"

UnitedHealth, the parent company of Change Healthcare, has disclosed that the costs related to the ransomware attack on Change Healthcare have reached $872 million for the first quarter of 2024, with total costs expected to exceed $1 billion over time. The attack has significantly impacted UnitedHealth's financial results, with a projected impact of $1.15 to $1.35 per share by the end of the year. Change Healthcare is facing a second ransomware dilemma, and the US government is probing its data protection standards as lawsuits mount. Despite the heavy financial toll, UnitedHealth's share price rose following the release of its results.