Ransomware has caused significant financial damage to the healthcare industry over the last 4 years, with the total amount of damage surpassing $150 million. We're all familiar with the common, been-there-done-that cyber attacks such as phishing and CEO fraud, but many have not had a personal experience with ransomware. For those who don't know, ransomware is a form of malicious software (or malware) that encrypts all of your important data with a secret code, then turns around and demands a huge payment as a way to retrieve that encrypted data.
You may remember the massive WannaCry outbreak from a few years ago, when ransomware was a common headline as computer networks belonging to megacorporations, governments, and individuals alike ground to a halt in the face of an attack that had never been seen on such a massive scale. While we haven't had any massive outbreaks like WannaCry since then, malware operators still make heavy use of ransomware to target data-reliant industries like healthcare in order to turn a huge profit.
Much of the headaches of ransomware can be resolved through use of security best practices and making sure you have an adequate business continuity system in place. If you want to learn more about how FrameWork can help you and your business stay safe from the different forms of malware, give us a call!
To read the main article on Forbes, click HERE.