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October 24, 2024

Healthcare Sector Faces Surge in Ransomware Attacks, Urgent Action Needed

security-blog
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Contributed by: Bill Russell
Summary
Healthcare organizations have increasingly become targets for ransomware attacks, as detailed in Microsoft's "US healthcare at risk: strengthening resiliency against ransomware attacks" report. The report highlights that ransomware is now one of the leading threats to the healthcare sector, which has seen significant financial repercussions, with organizations losing an average of $900,000 per day to downtime and ransoms averaging $4.4 million. The report emphasizes the critical need for healthcare entities to implement collective defense strategies and enhance access to threat intelligence to protect against these evolving cyber threats, which not only jeopardize financial stability but also pose serious risks to patient care and safety, particularly in resource-limited rural clinics.

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