Ransomware attacks are surging, and the healthcare industry sits squarely in the crosshairs. With sensitive patient data stored in cloud systems, healthcare organizations have become lucrative targets for cybercriminals. A single breach can disrupt critical services, exposing patient records, and putting lives at risk.

Cloud Ransomware Trends

• A Barracuda Networks report from August 2024 highlights a rise in ransomware attacks on healthcare organizations, making it the most targeted industry. Of 200 incidents analyzed (August 2023–July 2024), 21% targeted healthcare, up from 18% the previous year.
• The percentage of Healthcare organizations reported an increase in ransomware attacks from 60% in 2023 to 67% in 2024, nearly doubling the 34% reported in 2021.
• Across all industries, the average ransom payment in 2024 rose sharply to $2.73 million, up from $1.82 million in 2023, with the largest known payment reaching $75 million. In healthcare, among 99 organizations that disclosed paying a ransom, the median payment was $1.5 million, while the average payment was $4.4 million
• The impact of these attacks has also become more prolonged. Only 22% of affected organizations recovered within a week, down significantly from 47% in 2023, indicating lengthier disruptions.
• A 2024 SentinelOne report reveals a 13% rise in cloud-based ransomware attacks over the past five years, with cybercriminals increasingly using tools like Azure Storage Explorer for data exfiltration.

Ransomware Root Causes

• Weak Cloud Security Practices
• Unpatched Vulnerabilities
• Dependence on Legacy Systems
• Misconfigured Systems
• Unsegmented Networks
• Lack of Cloud Activity Monitoring
• Inadequate Backup and Recovery Plans

With ransomware attacks on the rise, addressing these vulnerabilities is essential. Discover how ClearDATA’s Cloud Managed Detection and Response (MDR) service can strengthen your defenses and give you peace of mind.