Healthcare Finance News July 16, 2024
The bill was conceived after the Change Healthcare attack, which lawmakers cited as evidence of a lack of preparation and training.
U.S. Senators Jacky Rosen (D-Nev.), Todd Young (R-Ind.) and Angus King (I-Me.) have introduced legislation intended to reduce the relentless amount of cyberattacks targeting the healthcare industry.
The Healthcare Cybersecurity Act was conceived after a ransomware attack on the health payment platform Change Healthcare, which senators said highlighted a lack of preparation and training during the recovery process.
Optum, a subsidiary of UnitedHealth Group, acquired Change in October 2022. The cyberattack was discovered on February 21. The company confirmed in April that it had paid a ransom to protect the health information of patients – to the tune of...
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