A February hack at UnitedHealth"s tech unit, Change, compromised the personal information of 100 million individuals, marking it as the largest healthcare data breach in the U.S. The hacking group ALPHV, also known as "BlackCat," was responsible for the breach, which disrupted claims processing nationwide. UnitedHealth has begun notifying affected patients and estimates a $705 million impact from the incident, which may have exposed sensitive data including health insurance IDs and social security numbers.
CVS Health CEO Karen Lynch is stepping down after nearly four years amid shareholder pressure and a significant drop in stock value, which has fallen nearly 26% this year. David Joyner, a company veteran, will succeed her as the company navigates challenges including multiple profit forecast cuts and rising medical costs.
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