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UnitedHealth confirms 190 million Americans affected by Change Healthcare data breach

1. Change Healthcare's cyberattack impacted around 190 million individuals in the U.S. 2. Previous estimates of affected individuals were approximately 100 million. 3. The breach is the largest medical data breach in U.S. history. 4. UnitedHealth confirmed no evidence of misuse of personal data so far. 5. The breach resulted in significant outages across the U.S. healthcare system.

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FAQ

Why Very Bearish?

Data breaches can decrease consumer trust. This incident is unprecedented in scale and may lead to regulatory scrutiny.

How important is it?

The breach directly affects UNH's operations and customer trust. Precedents show similar breaches harmed large healthcare firms significantly.

Why Long Term?

Long-term reputational damage and potential penalties from regulators may affect UNH.

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