The Cyberattack on Change Healthcare: Lessons for Financial Stability

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Cyberattacks are a growing threat to businesses that rely heavily on technology for their operations, like those in the U.S. financial system. Just a brief outage of key services could have wide-ranging effects. While the financial system’s cyber defenses have been strong to date, lessons learned from recent attacks in other sectors can inform improvements. This brief examines the cyberattack on Change Healthcare, a critical healthcare service provider, and draws lessons for how the U.S. financial system can better prepare for and reduce the risk of a similar attack (Brief no. 24-05).