Why healthcare data is often the target of ransomware attacks

Healthcare data in recent years has been a very lucrative target for cyberattacks, particularly ransomware, with attackers holding healthcare information, and potentially patient lives, for ransom.
Cybercriminals are increasingly focusing on healthcare organizations, exploiting their weaknesses to gain access to sensitive information, disrupt operations and extort money.
Here are some key reasons healthcare is now a prime target for cyberattacks.
Healthcare organizations hold vast amounts of sensitive information.
The critical nature of healthcare services gives any outage from ransomware or any other cause an extreme sense of urgency as lives could potentially hang in the balance.
Healthcare professionals frequently need to access data remotely, which increases the attack surface for cybercriminals.
There can often be resource and budget constraints in place that impact the ability of the healthcare organization to invest in cybersecurity.
Healthcare patient records typically contain a significant amount of information about individuals.
Healthcare records on the black market are typically worth more than other types of personal data, such as credit card information.
Healthcare data is valuable because it has long-term usefulness, making it different than a credit card where a user can cancel and replace a card.
The data held in healthcare records can be sensitive health information that can be used for blackmail.
Cybersecurity and specifically ransomware attacks are all too common in the healthcare industry.
According to the FBI's Internet Crime Complaint Center, healthcare and public health were the sectors most impacted by ransomware in 2023.
These attacks often led to significant disruptions in healthcare access and patient care, including postponed procedures, and according to at least one report, a patient death as well.
The Cost of a Data Breach Report 2023 from IBM and the Ponemon Institute identified healthcare industry breaches as the most expensive at an average of $10.93 million vs an overall average cost of $4.45 million.
The ransomware attack on Change Healthcare, a division of UnitedHealth Group, disrupted the largest healthcare payment system in the U.S. and affected billing, eligibility checks, prior authorization requests and prescription fulfillment.
Data security should be a high priority with all the valuable data and risks that healthcare facilities and providers have.
While healthcare is under pressure and scrutiny from attackers, healthcare facilities can take steps to help prevent a data breach.
Healthcare organizations should take inventory of all data sets and locations of sensitive information to know where all this data is located.
By implementing these best practices, healthcare organizations can enhance their data security posture, reduce the risk of data breaches and protect sensitive information from unauthorized access, accidental loss, or corruption.


This Cyber News was published on www.techtarget.com. Publication date: Wed, 29 May 2024 17:13:06 +0000


Cyber News related to Why healthcare data is often the target of ransomware attacks

Why healthcare data is often the target of ransomware attacks - Healthcare data in recent years has been a very lucrative target for cyberattacks, particularly ransomware, with attackers holding healthcare information, and potentially patient lives, for ransom. Cybercriminals are increasingly focusing on ...
5 months ago Techtarget.com
Cybersecurity in the Healthcare Industry: Protecting Patient Data - In the rapidly advancing era of technology, the healthcare industry faces a critical challenge: protecting patient data from cyber threats. This article will emphasize the significance of cybersecurity in the healthcare industry and explore the ...
9 months ago Securityzap.com
Ransomware's appetite for US healthcare sees known attacks double in a year - Following the February 21 attack on Change Healthcare, scores of people in the US have been living with the brutal, real-world effects of ransomware. It has also created skyrocketing pharmacy bills, pushed some healthcare providers to the edge of ...
8 months ago Malwarebytes.com
How to perform a proof of concept for automated discovery using Amazon Macie | AWS Security Blog - After reviewing the managed data identifiers provided by Macie and creating the custom data identifiers needed for your POC, it’s time to stage data sets that will help demonstrate the capabilities of these identifiers and better understand how ...
1 month ago Aws.amazon.com
Best Cloud Security Providers for Healthcare Services - Cloud Security Providers for Healthcare offer specialized services to protect data and applications hosted in cloud environments. When picking a cloud security providers for healthcare, it's important to think about things like how well they follow ...
9 months ago Cybersecuritynews.com
The Imperative for Robust Security Design in the Health Industry - COMMENTARY. In an era dominated by digital innovation and technological advancements, healthcare companies find themselves at the intersection of immense opportunity and equally unprecedented risk. The digitalization of patient records, electronic ...
9 months ago Darkreading.com
Hive Ransomware: A Detailed Analysis - This past week, on January 26th, to be exact, the FBI successfully shut down the Hive ransomware group and saved victims over a hundred million dollars in ransom payments and remediation costs. As ransomware continues to be a national security threat ...
1 year ago Heimdalsecurity.com
Norton Healthcare discloses data breach after May ransomware attack - Kentucky health system Norton Healthcare has confirmed that a ransomware attack in May exposed personal information belonging to patients, employees, and dependents. Norton Healthcare serves adult and pediatric patients in more than 40 clinics and ...
11 months ago Bleepingcomputer.com
US govt probes if ransomware gang stole Change Healthcare data - The U.S. Department of Health and Human Services is investigating whether protected health information was stolen in a ransomware attack that hit UnitedHealthcare Group subsidiary Optum, which operates the Change Healthcare platform, in late ...
8 months ago Bleepingcomputer.com
Changing How Healthcare Works: Big News in Communication - In a pivotal transformation within the healthcare industry, a prominent shift is currently unfolding. Direct Secure Messaging has emerged as a game-changer, modernising the way vital information is shared among healthcare providers, pharmacies, and ...
9 months ago Cysecurity.news
Cybersecurity Management Lessons from Healthcare Security Breaches - 2024 looks like it will only increase the number of affected individuals considering the scale of ransomware attacks from the first half of the year in the USA, Canada, and Australia. Unusual activity detected on May 8, 2024, caused Ascension ...
5 months ago Esecurityplanet.com
Unveiling the true cost of healthcare cybersecurity incidents - As healthcare organizations increasingly rely on interconnected systems, electronic health records, and telemedicine, the industry becomes a prime target for malicious actors seeking to exploit vulnerabilities. The consequences of a cybersecurity ...
10 months ago Helpnetsecurity.com
Transforming in the Age of Healthcare Digitalization - Healthcare and technology increasingly intersect in today's world, and cybersecurity has become a primary concern for many companies. The recent attack on Change Healthcare serves as a harsh reminder of the vulnerabilities facing the healthcare ...
4 months ago Cyberdefensemagazine.com
The year of Mega Ransomware attacks with unprecedented impact on global organizations - A Staggering 1 in every 10 organizations worldwide hit by attempted Ransomware attacks in 2023, surging 33% from previous year, when 1 in every 13 organisations received ransomware attacks Throughout 2023, organizations around the world have each ...
10 months ago Blog.checkpoint.com
Waiting for the BlackCat rebrand - We saw another ransomware operation shut down this week after first getting breached by law enforcement and then targeting critical infrastructure, putting them further in the spotlight of the US government. While the Tor onion domain seizure was a ...
8 months ago Bleepingcomputer.com
Ransomware's Impact May Include Heart Attacks, Strokes & PTSD - First-order harms: Direct targets of ransomware attacks. The increasing convergence of IT and OT leave physical infrastructures more vulnerable to ransomware, even though most ransomware operators lack the capability to directly compromise OT or ...
9 months ago Techrepublic.com
HHS to investigate UnitedHealth and ransomware attack on Change Healthcare - The U.S. Department of Health and Human Services is launching an investigation into the ransomware attack on Change Healthcare following weeks of disruption to healthcare and billing operations at hospitals, clinics and pharmacies across the country. ...
8 months ago Therecord.media
Ransomware gang starts leaking alleged stolen Change Healthcare data - The RansomHub extortion gang has begun leaking what they claim is corporate and patient data stolen from United Health subsidiary Change Healthcare in what has been a long and convoluted extortion process for the company. In February, Change ...
7 months ago Bleepingcomputer.com
Health Care Network in Crisis: Cyberattack Shuts Down Operations Across US - In a statement released Thursday evening by Ascension Hospital, a nonprofit network based in St. Louis with 140 hospitals across 19 states, it was also reported that electronic health records, some phone systems, as well as several systems used to ...
6 months ago Cysecurity.news
Best Network Security Providers for Healthcare - The exponential growth of Electronic Health records, telemedicine, and interconnected medical devices creates a complex healthcare ecosystem demanding robust network security. Network security providers specializing in healthcare offer a ...
6 months ago Cybersecuritynews.com
The Top 10 Ransomware Groups of 2023 - This article takes an in-depth look at the rise in ransomware attacks over the past year and the criminal groups driving the surge in cyber extortion. LockBit has established itself as one of the most notorious ransomware operations since emerging on ...
10 months ago Securityboulevard.com
Ransomware in 2023 recap: 5 key takeaways - This provides the best overall picture of ransomware activity, but the true number of attacks is far higher. While some ransomware trends hardly changed over the last year, such as LockBit's continued dominance, ransomware criminals also challenged ...
9 months ago Malwarebytes.com
'Sex life data' stolen from UK government among record number of ransomware attacks - Data on the sex lives of up to 10,000 people was stolen from a British government department in one of the record number of ransomware attacks to have hit Westminster in the first half of this year. It is not known which department the information ...
11 months ago Therecord.media
Atlas Healthcare Confirms Data Breach Affecting Residents' Social Security Numbers - On October 14, 2023, Atlas Healthcare provided notice of a recent data breach after learning that an unauthorized actor was able to access the company's computer system. In this notice, Atlas explains that the incident resulted in an unauthorized ...
11 months ago Jdsupra.com
Ransomware trends and recovery strategies companies should know - Ransomware attacks can have severe consequences, causing financial losses, reputational damage, and operational disruptions. The methods used to deliver ransomware vary, including phishing emails, malicious websites, and exploiting vulnerabilities in ...
11 months ago Helpnetsecurity.com

Latest Cyber News


Cyber Trends (last 7 days)


Trending Cyber News (last 7 days)