Forbes June 5, 2024
UnitedHealth Group’s cyber breach disrupted hospitals, compromised nearly 150 million patient records, halted medical payments and already cost over $1 billion in remediation. CEO Andrew Witty was whisked to Congress for rare bi-partisan outrage. Yet, the worst may await.
In a prescient warning to all corporate boards and c-suites, Senator Ron Wyden urged Securities and Exchange Commission chair Gary Gensler and Federal Trade Commission head Lina Khan to “investigate UHG’s numerous cybersecurity and technology failures to determine if any federal laws were broken and hold these senior officials accountable.”
That sets precedent. “Wyden doesn’t pull any punches. In previous cases like SolarWinds and Uber, accountability was largely placed on the chief information security officer (CISO),” experienced cross-sector tech executive and...
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