financetom
Business
financetom
/
Business
/
UnitedHealth CEO to testify before US House panel on cyberattack at tech unit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UnitedHealth CEO to testify before US House panel on cyberattack at tech unit
Apr 19, 2024 1:59 PM

(Reuters) - UnitedHealth CEO Andrew Witty will testify before a U.S. House subcommittee on May 1 about a recent cyberattack at the company's technology unit and its impact on patients and providers, the Energy and Commerce Committee said on Friday.

The hack at Change Healthcare, a provider of healthcare billing and data systems, on Feb. 21 disrupted payments to doctors and healthcare facilities nationwide for a month.

"We look forward to learning more on what happened in the lead up to, and in the weeks following, the attack," said Cathy Rodgers, energy and commerce committee chair, and Morgan Griffith, chair of the subcommittee on oversight and investigations.

"This hearing will help inform the committee as we continue working toward solutions that protect the health and well-being of all Americans."

Individuals and smaller providers, in particular, have struggled financially following the cyberattack, threatening critical access for patients, they added.

Earlier this week, UnitedHealth said it expects the hack to cost the company up to $1.6 billion this year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Teck Resources, Anglo American to Combine in Merger of Equals
Teck Resources, Anglo American to Combine in Merger of Equals
Sep 9, 2025
04:42 AM EDT, 09/09/2025 (MT Newswires) -- Teck Resources ( TECK ) and Anglo American said Tuesday they have struck a deal to combine the two companies in a merger of equals to form Anglo Teck. Under the deal, Anglo American will issue 1.3301 ordinary shares in exchange for each outstanding Teck share, the companies said. The Anglo American board...
Anglo American, Teck Resources Strike $53 Billion Merger To Form Global Critical Minerals Giant
Anglo American, Teck Resources Strike $53 Billion Merger To Form Global Critical Minerals Giant
Sep 9, 2025
Anglo American and Teck Resources have agreed to combine forces in a $53 billion merger of equals that will create one of the world’s largest critical mineral producers. Anglo Teck, the new company, will have a headquarters in Vancouver and a primary listing in London, with additional listings in Toronto, Johannesburg, and New York. We are unlocking outstanding value both...
South Korean fintech Toss plans global push starting in Australia, aims to issue won stablecoin
South Korean fintech Toss plans global push starting in Australia, aims to issue won stablecoin
Sep 9, 2025
SEOUL, Sept 9 (Reuters) - South Korean fintech unicorn Toss plans to launch its all-in-one finance app in Australia this year and expand to other markets, and aims to issue a won-based stablecoin once regulations allow, said founder and CEO Lee Seung-gun. Toss has shown that a startup can take on big banks and brokers, said the dentist-turned-entrepreneur, who predicts...
South Korean fintech Toss plans global push starting in Australia, aims to issue won stablecoin
South Korean fintech Toss plans global push starting in Australia, aims to issue won stablecoin
Sep 9, 2025
SEOUL (Reuters) -South Korean fintech unicorn Toss plans to launch its all-in-one finance app in Australia this year and expand to other markets, and aims to issue a won-based stablecoin once regulations allow, said founder and CEO Lee Seung-gun. Toss has shown that a startup can take on big banks and brokers, said the dentist-turned-entrepreneur, who predicts overseas growth to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved