Ransomware Ravaging Health Care: Why Cybercriminals Target These Vital Institutions : Risk & Insurance

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Health care facilities are an attractive and vulnerable target for cyberattack. Understanding the cyber landscape and getting the right insurance team in place is just the first step to stopping cybercriminals in their tracks.

When it comes to hospitals and other health care facilities, cyberattacks are not as far away as one might think. That’s because these systems are extremely appealing to cybercriminals.

“Once threat actors are able to breach health care networks, they have the opportunity to ransom the organization … health care organizations have a ton of protected health information, which is a treasure trove for threat actors to sell on the dark web. There’s a lot of value in each piece of data,” said Stephanie Snyder Frenier, SVP, professional & cyber solutions practice, CAC Specialty.

Added to that, health care facilities are vulnerable entities, making them easy targets for criminals.

According to Health and Human Services data, there were 630 ransomware incidents for health care organizations globally in 2023. Of those, 460 were in the U.S. According to a Statista report,…

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