Fitch Ratings: Health insurers face increased financial, reputational, operational and regulatory risks from cyberattacks. The U.S. health insurance industry is facing growing risks from cybersecurity threats due to the expansion of remote healthcare delivery and growing digitization of insurance transactions, clinical records and billing. Insurance claims related to ransomware attacks have risen significantly, prompting carriers to raise premiums and change terms and conditions, including increasing deductibles and providing lower coverage. Price increases for cyber coverage have accelerated over the past two years.
Source: https://www.helpnetsecurity.com/2021/07/12/health-insurers-data-theft/