Overview
- UnitedHealth CEO Andrew Witty faced bipartisan criticism during a Senate hearing for the cyberattack on Change Healthcare, a subsidiary lacking basic security measures.
- The cyberattack, attributed to insufficient multifactor authentication, disrupted health care systems nationwide, affecting payment and claims processing.
- UnitedHealth paid a $22 million ransom and is upgrading security measures, including implementing multifactor authentication across the company.
- Senators expressed concerns over UnitedHealth's size and influence in the health care sector, with some accusing the company of using the crisis to expand further.
- The company is offering free credit monitoring to affected customers and has provided over $6.5 billion in no-interest loans to health care providers impacted by the attack.