Cyberattacks on Healthcare Industry: Impact and Recovery
Fitch does not expect the cyberattack at UnitedHealth's tech unit Change Healthcare to have a credit impact on not-for-profit hospitals in the U.S., as long as care providers can resume normal operations and maintain sufficient cash reserves. The cyberattack, initially attributed to a suspected nation-state actor, disrupted pharmacies across the U.S. and was later claimed by the "Blackcat" ransomware group. Change Healthcare plays a crucial role in processing a significant portion of medical claims in the U.S.