In early February, the Hollywood Presbyterian Medical Center experienced a ransomware attack, as cybercriminals demanded $3.6 million in digital currency to restore access to its IT systems.
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Ransomware is now a major threat to health care organizations that rely on personally identifiable information – which many hackers consider more valuable than other forms of data.
The HPMC realized this firsthand. While it didn’t pay the whole $3.6 million ransom, it sent the hackers just under $17,000 to regain access to its mission-critical technologies.
That doesn’t sound so bad in comparison to original reports. However, Andrew Hay of Dark Reading calculated that the organization potentially faced losses as high as $533,911 in revenue, not accounting for reputation damages.
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