Rising Ransomware Threatens Healthcare and Manufacturing
Think your business is safe from ransomware? Think again—especially if you’re in healthcare or manufacturing. Here’s why hackers are targeting you and how to fight back. Today, we’re discussing how rising ransomware threatens healthcare and manufacturing industries.
Ransomware is a topic no longer confined to headlines—it’s an immediate and growing threat for businesses, especially in sectors like healthcare and manufacturing.
Recent reports reveal a troubling trend: while many industries have seen a decline in ransomware attacks, healthcare and manufacturing are seeing the opposite.
They are being targeted more aggressively than ever before and it isn’t just a passing phase; it’s a sign of the times, reflecting the vulnerabilities within these critical industries.
Rising Ransomware Attacks
A recent Sophos State of Ransomware Report highlights that the percentage of manufacturing organizations hit by ransomware surged from 56% to 65% in just one year.
Similarly, the healthcare sector experienced an alarming jump from 60% to 67%.
These figures aren’t just statistics – they represent real businesses facing operational shutdowns, financial losses, and, in the case of healthcare, potentially life-threatening disruptions to patient care.
We must take this issue seriously.
Ransomware Hits Ascension Hospitals
Let’s look at the recent attack on the Ascension network of hospitals.
A ransomware incident forced medical staff to revert to manual charts and processes, severely impacting their ability to provide care.
This is just ONE example of how ransomware can bring even the largest and most prepared organizations to their knees.
Contrary to popular belief, the consequences of ransomware are not just financial; they affect lives, particularly in healthcare, where timely access to patient data is quite literally life and death.
Why Healthcare and Manufacturing Are Vulnerable
What makes ransomware particularly dangerous for healthcare and manufacturing? It’s the nature of their operations.
When healthcare facilities are compromised, the impact is immediate and severe, often leaving organizations with no choice but to pay the ransom.
In fact, healthcare organizations tend to pay 111% of the initial ransom demand. It’s because they are desperate to regain control of their systems. So, you can see why they might be a big target.
Compare that number with other industries, where the average payment if around 74%, and the disparity becomes clear.
Preventing Ransomware Attacks
So, what can be done to prevent ransomware attacks? The answer lies in a multi-layered approach to cybersecurity.
First, businesses have to ensure their systems are up-to-date with the lates security patches. Cybercriminals will exploit outdated software, so regular updates are crucial.
Second, running comprehensive antimalware software is a must. This software can detect and neutralize threats before they cause damage.
Strengthening Business Cybersecurity Measures
One of the best ways to prevent your business from falling victim to ransomware attacks is to implement strong passwords and two-factor authentication (2FA).
These measures, along with using a Password Manager, add an extra layer of protection, making it harder for attackers to gain unauthorized access.
Making it extremely difficult for anyone other than you to access your accounts will also give you peace of mind.
For businesses, particularly those in vulnerable sectors like healthcare and manufacturing, investing in cybersecurity isn’t just a best practice – it’s a necessity that could save your business.
Responding to a Ransomware Attack
If your business unfortunately falls victim to ransomware, it’s important that your business is prepared to respond quickly to an attack.
Here is where your preventative measures come into play. This includes a well-defined incident response plan outlining the steps to take in a breach.
The clearer this plan is, the easier it will be to get everything back up and running.
Time is of the essence when dealing with ransomware, and a swift, coordinated response can mean the difference between a minor disruption and a full-blown crisis.
A Proactive Defense is Key!
At the end of the day, ransomware is a problem that is not going away anytime soon.
For businesses in healthcare, manufacturing, and beyond, the best defense is a proactive one.
By staying informed, implementing robust security measures, and being prepared to respond, businesses can reduce their risk and protect themselves from the growing threat that is ransomware.
Check out our last video! ➡️ How to Tell if Your Business Computer is Hacked
If you’re not sure where to start or need help strengthening your defenses, feel free to reach out to us at stginfotech.com or schedule a call via the calendar link below to learn more about how we can help you plan your IT infrastructure.
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