Healthcare organizations have had a big red target on their back over the past decade, and cyber criminals know how to shoot.
Why are healthcare organizations so prone to ransomware and other various cyber attacks? There are a few reasons why they’re so susceptible including historically weaker infrastructure and a willingness to pay out a higher ransom.
Weaker Infrastructure makes them more vulnerable
Healthcare was one of the last industries to convert to electronic records, and when they did convert, it was quick. According to a government study, in 2008, only 9% of hospitals used electronic records, then in 2014, 97% used electronic records. With so many organizations converting over to electronic records, there were numerous with vulnerable security infrastructure.
They are more likely to pay a higher ransom
Healthcare organizations have far more to risk. On the dark web, an individual healthcare record goes for close to $400, which is 2.5 times the average over all industries, according to the Ponemon Institute. Criminals receive more than just ransom money. This is because criminals receive patient’s most personal information including social security number, credit card data, medical history, employment information, address, and email address. This data can be used for more than just fraud, identity theft, and phishing attacks. It can be used to steal research and development, manipulate stocks, and much more. Not to mention the fact that hospitals and other healthcare organizations need to have this data available to them in order to keep some patients alive.
Here are the 10 most sickening healthcare ransomware statistics: