Oliver Wyman February 20, 2025
A cyberattack can amount to a billion-dollar problem. As consolidation continues, leaders must make cybersecurity an integral part of strategy and due diligence.
Various reports suggest that the average cost of a healthcare cyberattack hovers around $10 million. While that’s a significant number, the real figure could be upwards of 200 times larger. Factoring in the loss of critical IT systems, lawsuits and regulatory fines, hits to consumer loyalty, and other factors, we estimate that the potential impact of a major cyber event could reach into the billions. That’s not hyperbole. Last year’s Change Healthcare breach is now estimated to cost UnitedHealthcare Group $2.9 billion in direct remediation, payments to providers, and disruption to services. And that’s just for the...
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