Here we are. Talking about ransomware. Again. And the truth is, whether we are tired of talking about it or not, the current ransomware situation (especially for those in healthcare) is only getting worse as this year goes on. Simply put—things are bad. How bad? Well… bad enough for the FBI director to compare the current nationwide surge in ransomware attacks in the U.S. to the September 11th attacks of 2001. You have to admit, that’s a pretty extreme comparison. However, it’s not too far off. As we’ve seen already with the recent Colonial Pipeline attack, ransomware has the potential to bring parts of our country’s infrastructure to a grinding halt and disrupt commerce, similar to the results of a physical terrorist attack.
Fraud is one of those topics that no one really enjoys talking about. It can be uncomfortable to think that someone in your practice, even someone you are close to and believe you have a strong relationship with, would steal from you. But it happens. And you need to be aware of it because fraud and theft are far more common in healthcare practices than you might expect.
We’ve had a lot of articles about ransomware on this blog over the years, and for good reason. For roughly a half decade, healthcare organizations have been (and will likely continue to be) irresistible targets for cybergangs looking to carry out ransomware attacks. Case in point, just look at the recent May 1st attack on Scripps Health, which has left their computer network and related applications down for nearly a month (as of the writing of this article, a large portion of their systems were still down).
The healthcare industry is predicted to experience an unprecedented level of cyberattacks in 2021. That’s a pretty crazy thing to claim, considering healthcare has already been one of the most heavily targeted industries for decades. However, while healthcare providers and staff have become savvier on how to avoid such tricks over the years, cybercriminals have changed tactics time and time again, finding new ways to compromise data. In response to these ongoing threats, research also predicts the healthcare sector will spend upwards of $125 billion on cybersecurity from 2020-2025.
We did it! We survived 2020! Hands down, 2020 was the toughest year (so far) of the twenty-first century. But we got through it. As we move into 2021, this is the time when many of us are making New Year’s resolutions. To help our readers commit to new initiatives for practice success in the coming year, this blog will suggest a number of useful New Year’s Resolutions for Specialty Practices.
In case you weren’t aware, October is National Cybersecurity Awareness Month. For those in the healthcare industry, unfortunately, cybersecurity awareness is something many are still lacking. According to a report from Hervajec Group, the healthcare industry is expected to spend $65 billion on cybersecurity from 2017 to 2021. All that money being spent, and yet healthcare remains one of the most frequently targeted and worst performing sectors when it comes to cyberattacks and data breaches. Why is that? Well, it is likely because while so much of that money is being spent on technology (antivirus software, firewalls, etc.), not enough time and money is being invested in the training of people.
Ransomware attacks are back at it… again. It almost seems like there’s just something about this time of year that always has the ransomware trolls coming out of the woodwork. According to a new report from Check Point Research, the third quarter of 2020 saw a 50 percent increase in daily ransomware attacks and the total number of ransomware attacks had nearly doubled in the United States. Sadly, once again, the healthcare sector has been the most frequently targeted industry in this new wave of ransomware attacks. Perhaps the scariest among these ransomware programs (or, at the very least, the one currently sowing the most chaos) is called Ryuk.
No doubt about it, 2020 has been a banner year for telemedicine and connected care solutions. This boom was, of course, kickstarted by the COVID-19 pandemic (though it is now obvious it will not end with it). A surge of new state and federal legislation continues to be passed in order to solidify this widespread adoption of telemedicine. From reducing physician burnout to helping practices meet new patient preferences for connected care options, telemedicine solutions have proven to be highly beneficial for both providers and patients.