Health insurance giant UnitedHealth Group lost $872 million as a result of a data breach by a group of hackers, the company announced Tuesday in its first quarter earnings report.
Despite the huge loss, UnitedHealth still posted $7.9 billion in earnings, up $8 billion year-over-year, with $99.8 billion in revenue, according to the report. Near the end of February, a group of hackers claimed to have stolen millions of sensitive records from UnitedHealth related to medical insurance and health data on customers, according to Reuters. (RELATED: Biden Labor Regulator Rolls Out Final Rule Requiring Employers To Give Time Off For Abortions)
UnitedHealth Group had over 4.3 million total enrollees on its health plans in 2021, making it the fourth largest health insurance provider in the U.S., according to Forbes Advisor.
“The core story at UnitedHealth Group remains our colleagues…
