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Cyberattack Chaos: UnitedHealth’s $872M Shockwave Tops Casino Heist Cleanup Costs
Forking over a whopping $872 million for Q1 cyberattack chaos, UnitedHealth might just break the billion-dollar barrier. Imagine the ransomware rascals rubbing their hands in glee! Meanwhile, UnitedHealth’s bean counters are grinning too—shares jumped 7.5% premarket post-results. Silver linings, or just cyber lemons turned into stock market lemonade?
Hot Take:
Just when you thought your piggy bank was safe, along comes a cyberattack with the appetite of a kid in a candy store. UnitedHealth must be feeling like they've just been forced to play the world's most expensive game of Whack-A-Mole, with Change Healthcare as the mole and ransomware attackers wielding the mallet. At nearly $1 billion in costs and counting, it's the kind of expensive headache that makes you wish for a simpler time—like the flu season.Already a member? Log in here