Conduent faces financial risks due to a cyberattack in January 2025. Data breaches affected state governments and insurance providers, impacting child support payments in Wisconsin. Stolen data included personal information of Conduent clients. The company accrued $25 million in expenses for breach disclosure, with more expected. Cyber insurance may cover additional costs, but Conduent warns of potential fallout from litigation, regulatory actions, or reputational harm. The hack originated in an October 2024 intrusion. Premera Blue Cross and Blue Cross and Blue Shield of Montana confirmed customer data breaches. The Montana State Auditor is investigating the breach and how it was handled. Up to 462,000 Montana customers’ personal data may be at risk. BCBSM declined to comment on pending litigation.
Read more at Yahoo Finance: Conduent warns of further financial fallout from cyberattack
