Bulletin: Cyber Attack At Change Healthcare Poses Reputational Risks For UnitedHealth Group Inc.; Uncertainties Remain

NEW YORK (S&P Global Ratings) March 11, 2024--S&P Global Ratings said today that Change Healthcare, which is owned by UnitedHealth Group Inc. (UNH; A+/Stable/A-1), is making progress toward fully restoring its operations following a major cyber attack. As of March 7, 2024, electronic prescribing through the pharmacy services division of Change Healthcare became available for claim submissions and payment transmission. Based on the company's website, Changes' payments platform will be available starting March 15, and its medical claims restoration is slated to return the week of March 18. On Feb. 21, 2024, Change Healthcare became the victim of an attack by a threat actor known as ALPHV/Blackcat, affecting all of its operations. In response to this incident and to contain

...March 11, 2024 NEW YORK (S&P Global Ratings) March 11, 2024--S&P Global Ratings said today that Change Healthcare, which is owned by UnitedHealth Group Inc. (UNH; A+/Stable/A-1), is making progress toward fully restoring its operations following a major cyber attack. As of March 7, 2024, electronic prescribing through the pharmacy services division of Change Healthcare became available for claim submissions and payment transmission. Based on the company's website, Changes' payments platform will be available starting March 15, and its medical claims restoration is slated to return the week of March 18. On Feb. 21, 2024, Change Healthcare became the victim of an attack by a threat actor known as ALPHV/Blackcat, affecting all of its operations. In response to this incident and to contain the threat, UNH disconnected Change Healthcare's systems with its patients and partners. UNH feels confident that Optum, UnitedHealthcare, and UnitedHealth Group systems weren't affected by this attack. Based...

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