Call us now:
There are 1.6 billion reasons to care about cybersecurity. One suspects that while the attack may not be material to United health by virtue of its earnings, and balance sheet it will have an effect on the companies reputation and brand. As U.S regulators and politicians take a look at the company, the cyber incident, its compliance to cyber regulation, management of cybersecurity risk and market consolidation and concentration risk inthe health sector over the coming months. (https://lnkd.in/emwF8iD3)
One expects that the cyber attack, consequential losses and damage caused to the U.S healthcare industry and those that rely upon, will serve as an example of the effect of cybersecurity risk management and the role that the board plays in the oversight, assurance and attestation of cybersecurity risks.
Markets reacted favorably to the reports from United Health about the effect of the attack on its earning, with a 5.3% rise in share price. Maybe demonstrating that markets aren’t phased by cyber attacks or their consequences yet.
@Thaddeus Dziekanowski Brian D. McCarthy Rachel V. Rose, JD, MBA
Veritas GRC UnitedHealth Group Federal Trade Commission U.S. Department of Health and Human Services (HHS) U.S. Securities and Exchange Commission
#cybersecurity #cyberriskmanagement #cyberregulation
View Original Post
https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7186338883733790721