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UnitedHealth Group now estimates that the cyberattack on its Change Healthcare business unit earlier this year will cost the company between $2.3 billion and $2.45 billion. The damage to its reputation and the economic fallout to its clients may be incalculable.

The company is not alone, as the cost of data breaches has reached record levels. IBM Security analyzed the rising expense associated with cyberattacks in its Cost of a Data Breach Report 2023.

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