"UnitedHealth Group's Cyberattack Costs Approach $1 Billion as Change Healthcare Ransomware Attack Continues"

UnitedHealth Group reported $872 million in "unfavorable cyberattack effects" from a February ransomware attack on its subsidiary, Change Healthcare, which disrupted hospital and pharmacy operations for over a week. The attack, attributed to a Russia-based ransomware gang, resulted in data theft and significant financial impact. Despite this, UnitedHealth exceeded first-quarter expectations with $99.8 billion in revenue and a per-share profit of $6.91, projecting a total cost of $1.35 billion to $1.6 billion for the cyberattack this year.