ransomware in ENERGY
The Ransomware Epidemic
A recent study revealed in the last several years there have been more than 500 successful ransomware attacks impacting nearly 10,000 healthcare providers exposing over 52 million patient records. It is estimated these attacks have bled the US economy by tens of billions of dollars.
More concerning is the risk to human life these attacks represent. A study by Ponemon revealed that 68% of respondents said ransomware attacks disrupted patient care, 46% noted increased mortality rates, and 38% noted more complications in medical procedures following an attack.
Another study found that ransomware attacks contributed to between 42 and 67 patient deaths over a five-year period, and an alarming 33% increase in hospitalized Medicare patient deaths per month.
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Ransomware attacks are one of the biggest threats facing every organization today, and healthcare providers have been hit particularly hard. Criminal ransomware groups know that the impact of an attack against healthcare organizations does not just disrupt operations, it directly affects the lives of their patients and puts the entire organization at risk:
A ransomware attack on SMP Health forced the organization to cease operations and close the St. Margaret’s Health facility, the only healthcare center for the local community.
A ransomware attack on Prospect Medical Holdings shuttered emergency rooms, delayed procedures, downed billing systems and caused patients to be diverted to other providers.
A ransomware attack against MCNA Dental Insurance exposed the personal information of nearly nine million patients in one of the largest breaches of health information ever reported.
Legacy security tools (EPP/EDR/XDR) were simply not designed to address the unique threat that ransomware presents, and this is why we keep seeing destructive ransomware attacks circumvent these traditional security solutions and impact healthcare organizations.
Calculate your risk exposure to ransomware
Return on Investment (ROI) is one of the most important metrics in your business. Cybersecurity is no exception. Modern solutions, like Halcyon's multi-layered protection with endpoint resilience, saves you from new ransomware threats, while saving your bottom line too.
Footnotes
Ransomware attacks are one of the biggest threats facing any organization today, and the education sector has been hit particularly hard:
Attacks targeting education institutions spiked to record levels in August of 2023 just as schools were getting ready for the fall term.
Minneapolis Public Schools were extorted for $1 million after attackers threatened to expose sensitive student data including info on sexual assaults, psychiatric diagnosis, abuse, truancy, suicide attempts, and more-
The nonprofit National Student Clearinghouse, which provides data services to roughly 22,000 high schools and 3,600 universities, was the victim of data exfiltration at the hands of ransomware attackers.
Legacy security tools (EPP/EDR/XDR) were simply not designed to address the unique threat that ransomware presents, and this is why we keep seeing destructive ransomware attacks circumvent these traditional security solutions and impact education organizations.
Calculate your risk exposure to ransomware
Return on Investment (ROI) is one of the most important metrics in your business. Cybersecurity is no exception. Modern solutions, like Halcyon's multi-layered protection with endpoint resilience, saves you from new ransomware threats, while saving your bottom line too.
The Ransomware Issue is Chronic
Healthcare is in the ransomware operator’s crosshairs
People and Processes
Legacy technical debt, underfunded programs, a shortage of security professionals, and a treasure trove of sensitive data make healthcare a primary target for ransomware operators.
Downtime and Recovery
From detection to full recovery, it takes on average 22 days (about 3 weeks) to restore operations following a successful ransomware attack.
Disruptions to the Healthcare sector on this scale would be catastrophic and result in billions in losses. This is why Halcyon enlisted some of the top data scientists and threat researchers in the security field to develop the Halcyon Anti-Ransomware Platform.
Halcyon delivers a purpose-built ransomware prevention solution that provides multiple layers of prevention, detection and recovery through proprietary encryption key material capture that autonomously restores systems to operation in a matter of minutes versus weeks.
Motivations
Ransomware operators are motivated by profit and exploit the urgency that the disruption of patient care causes to force healthcare providers into paying huge ransoms to recover systems and patient data.
Empowering Healthcare with Resilience
Defense Resilience
Existing EPP/EDR/XDR were not designed to stop ransomware attacks in progress.
Halcyon AI/ML models are trained on millions of real-world ransomware attacks to fill the detection and prevention gap left by traditional security tools.
Stop Bypass & Evasion
Ransomware operators disable endpoint security tools with relative ease.
Halcyon protects other security tools from being bypassed, unhooked, or blinded during a ransomware attack to increase ROI on all security investments.
Operational Resilience
Ransomware attacks are designed to be disruptive.
The unique Halcyon encryption key material capture and anti-data exfiltration features prevent exposure of sensitive data and assure operational resilience against successful attacks.
Halcyon Offers the Most Powerful Ransomware Protection
Legacy security tools are failing to catch the telltale signs of ransomware attacks until it is too late, so we keep seeing destructive attacks circumvent these solutions.
Halcyon Anti-Ransomware Platform
Halcyon is the only platform to leverage advanced AI/ML detection models specifically trained to defeat ransomware. The unique Halcyon Anti-Ransomware Platform is easy to deploy, does not conflict with existing endpoint security solutions, and provides multiple levels of detection, prevention and recovery against ransomware attacks.
Talk to a Halcyon expert today to find out more and check out our Recent Ransomware Attacks resource site to get near real-time tracking of ransomware attacks, threat actor groups and their victims.
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