389 healthcare companies hit by ransomware this year, Microsoft finds

Healthcare Finance News October 24, 2024
Jeff Lagasse

Healthcare organizations lose up to $900,000 per day on downtime alone, data shows.

This year, 389 healthcare institutions in the U.S. were attacked with ransomware, which caused network shutdowns, offline systems, rescheduled appointments and delays in critical procedures, finds a new report from Microsoft.

The report, which aggregated information from other reports and data sets, cited a Comparitech analysis showing that the attacks are costly – healthcare organizations lose up to $900,000 per day on downtime alone, the data showed.

According to a recent U.S. government interagency report cited by Microsoft, ransomware attacks have surged by 300% since 2015, largely because ransomware-as-a-service (RaaS) has lowered the barrier for entry for hackers who lack technical expertise, with other ransomware groups finding...

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