Investor suit says UnitedHealth ignored governance, cybersecurity gaps for years

Investor suit says UnitedHealth ignored governance, cybersecurity gaps for years

UnitedHealth misled investors, shuttered an internal Medicare billing audit and ignored cybersecurity lapses that led to the historic Change Healthcare cyberattack, according to a lawsuit filed by two shareholder groups.

Cybersecurity Vulnerabilities Lead to Securities Suit Against Israeli Company

For many years, cybersecurity-related issues have been recognized as a potential source of D&O claims and liability. More recently, other D&O claims concerns, including artificial intelligence (AI), geopolitical issues, and even market manipulation allegations, have become more conspicuous, and cybersecurity-related issues have been less prominent. However, a securities suit filed earlier this month against Israeli-based web data collection comp…