Every day, new ransomware attack vectors compound the security challenges that healthcare organizations confront. Revenue loss, patient safety, and reputational damage are all linked to a lack of cybersecurity investment.

According to the Department of Health and Human Services, 60% of all ransomware assaults on the US health sector occurred this year. Hospitals were harmed by almost a third of significant data breaches, resulting in a $21 billion loss.

Hospitals were harmed by ransomware assaults during the early months of the pandemic, according to CyberMDX and Philips research. Many respondents disabled their networks as a precaution. Why? They had to avoid a security compromise. Others implemented similar actions
due to the severity of malware infestation.

Furthermore, according to data, medium-sized hospitals have the most downtime, with an average cost of $45,700 per hour. A bigger hospital’s outage takes on average 6.2 hours to repair, costing $21,500 each hour. Ransomware assaults are exacerbated by a scarcity of qualified IT professionals and a lack of investment for cybersecurity defense. Almost half of those polled feel they don’t have the staff to keep up with IoT and medical device security.

Check out these essential data points:

• Ransomware has caused almost half of US hospitals (48%) to unplug their networks in the past six months. The size of these hospitals varies from mid-sized to much larger facilities.
• The vast majority proactively avoided breaches to the maximum degree possible or were forced to shut down due to a severe malware infestation.
• Because of a lack of expertise and inadequate investment in their cybersecurity program, these institutions suffered the brunt of ransomware attacks (equipment not being up to date for this form of security and lack of cybersecurity education with their staff members)
• Continuous awareness and education are essential for both small businesses and larger facilities/institutions such as hospitals.
• Cyberattacks and ransomware, for example, are continuously developing. Given the amount of information on patient medical and personal data, this may be challenging for businesses and institutions, especially hospitals.
• Keep in mind that these are the ones that have gotten media notice and have been written about. This may lead you to believe that many more facilities out there might have been hit by ransomware.
• Regardless of size, ALL businesses need to be vigilant and proactive in their cybersecurity education.

As you can see, it is crucial to remain vigilant and proactive. Fortunately, any business may benefit from our cutting-edge Cyber Security Stack, which is a cost-effective solution. Do not hesitate to get in touch with us if you need more information or have any queries. Contact us at 201-817-1811 / 201-298-5385 or at info@manageditcybersecurity.com . Feel free to also visit us at: https://manageditcybersecurity.com , where further information on our services and packages are available to you.