News Briefs Archive

New Numbers Reveal Size of Ransomware Threat

June 2, 2021

Your practice may be in more danger from ransomware attacks than you realize. Here are 18 numbers, presented by Becker’s Health IT, that drive home how seriously practice owners should take this threat.

1. Colonial Pipeline CEO Joseph Blount confirmed he paid $4.4 million in bitcoin to the cybercriminal gang DarkSide on the first day of its cyberattack on the company, but it still took six days to restore operations.

2. An attack on San Diego-based Scripps took the health system offline for about three weeks, resulting in patients having to go elsewhere for emergency services.

3. Allergy Partners brought its computer systems back online after hackers infected the clinic’s systems for six weeks with ransomware and demanded $1.75 million in exchange for giving the clinic back its access to its encrypted data.

4. A ransomware attack on CaptureRx affected 1,656,569 patients at more than 13 hospitals and healthcare providers.

5. The cost of cybersecurity insurance has risen by up to 30 percent since December as ransomware attacks spike.

6. Insurance brokers reported that 85 percent of insurance plans rose in price since December.

7. The take-up rate for existing clients electing coverage for cybersecurity rose from 26 percent in 2016 to 47 percent in 2020.

8. The average ransomware payment increased 43 percent in 2021.

9. The average ransom paid by healthcare companies was $910,335 in 2020.

10. As healthcare data breaches surged, so did ransom demands, with hackers asking for $4.6 million on average.

>>Click HERE to read more>>

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