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Ransomware Rampage: How Change Healthcare’s $22M Payout Triggered a Cybercrime Surge in Healthcare
Change Healthcare’s $22 million ransomware payout to AlphV has inadvertently sparked a surge in attacks on healthcare organizations. With 44 cases in April alone, cybersecurity experts warn that rewarding hackers only incentivizes more assaults on vulnerable health care systems. Health care now appears as both…
Hot Take:
Change Healthcare’s $22 million payout to ransomware hackers is the cybersecurity equivalent of leaving cookies out for the burglars—and now, the whole neighborhood is overrun.
Key Points:
– In March, Change Healthcare paid a record $22 million ransom to AlphV (aka BlackCat) after a massive ransomware attack.
– April saw a spike in ransomware attacks on healthcare organizations, with 44 recorded incidents, the highest ever tracked by cybersecurity firm Recorded Future.
– Notorious ransomware groups like Black Basta, LockBit, and Qilin have been implicated in recent high-profile attacks on hospitals and healthcare networks.
– The healthcare sector has seen a steady rise in ransomware attacks throughout 2024, even before the Change Healthcare incident.
– Speculation abounds that Change Healthcare may have paid a second ransom due to a double extortion scheme, making healthcare an even juicier target for cybercriminals.
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