UnitedHealth hack reveals gaps in doctors' cyberattack insurance

Providers ranging from large health systems to small independent practices are racking up big bills and say efforts to advance payments while Change Healthcare restores medical claims systems are falling short.on their own organizations might not provide much protection when they're affected by an attack elsewhere, experts told Axios.

Other providers cut back coverage during an especially tough market for cyber insurance between 2020 and 2022 and didn't restore it when conditions softened, said Stephanie Snyder Frenier of brokerage CAC Specialty.Though it's hard to nail down just how protected organizations are against cyberattacks, surveys show just about 15% of companies have

Many cyber insurance carriers limit coverage to no more than $5 million for larger systems, Perry said. "The problem with those add-ons is that they may cover you up to $25,000 or $50,000 of damage. In many cases, the actual damage is much, much higher," Perry said.providers have filed against UnitedHealth, has cybersecurity coverage — but attacks against a vendor are "pretty clearly excluded" from its policy, said co-owner Katy Ross.

Source: Insurance Report (insurancereport.net)

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