Cyberattack costs growing at UnitedHealth Group, could reach $2.45 billion for this year

Christopher Snowbeck reports:

Second quarter earnings beat analyst expectations at UnitedHealth Group, even as the Minnetonka-based health care giant said it saw more expenses handling the fallout from a massive cyberattack earlier this year.

The company now expects cyberattack costs could reach $2.45 billion for the year, including more direct expenses for financial support for health care providers and consumer notifications that will begin later this month.

The hack forced UnitedHealth Group to shut down a widely used claims processing system at its Change Healthcare subsidiary to contain the threat.