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Significant New Cybersecurity Measures at UnitedHealth in 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from UnitedHealth Group or credible technology news sources.
Story
UnitedHealth Beats Q1 Forecasts Despite $872M Change Healthcare Cyberattack Costs
Apr 16, 2024, 09:45 PM
UnitedHealth Group reported a significant financial impact due to a cyberattack on its Change Healthcare unit, with an estimated cost of up to $1.6 billion for the year and a direct $872 million hit to its first-quarter profit. Despite this, the company surpassed first-quarter earnings expectations, posting adjusted earnings per share of $6.91, against analysts' expectations of $6.59, and revenue of $99.8 billion. The cyberattack, which occurred in February and involved a ransomware group leaking sensitive patient data, has been a major factor in the financial results.
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Advanced encryption technologies • 25%
Multi-factor authentication enhancements • 25%
AI-based threat detection systems • 25%
Employee cybersecurity training programs • 25%
Significant investment in cybersecurity • 33%
Moderate changes to cybersecurity measures • 33%
No major changes announced • 34%
Implementation of new firewalls • 25%
Hiring of new cybersecurity personnel • 25%
Investment in new cybersecurity software • 25%
Combination of the above measures • 25%
Cybersecurity Overhaul • 25%
Partnership with Cybersecurity Firm • 25%
Leadership Reshuffle • 25%
Settlement of Legal Claims • 25%
Increase up to 10% • 33%
Increase 10% to 25% • 34%
Increase more than 25% • 33%
Fully recovered • 33%
Partially recovered • 33%
No significant recovery • 33%