On February 21, 2024, the world witnessed one of the most significant cyberattacks on Change Healthcare, a subsidiary of UnitedHealth Group.
One of the biggest ransomware attacks that has ever happened in history.
It sent shockwaves through the healthcare sector and beyond.
It was noticed when attackers took advantage of a server vulnerability lacking multi-factor authentication.
This unfortunate incident cost the company over $800 million in the first quarter. It is expected to cost around $1.6 billion in a full year.
The impact of this incident is huge. Small healthcare providers and rural clinics nationwide haven’t recovered from the loss yet. Patient safety is still a question mark.
Being a part of UnitedHealth Group, Change Healthcare is one of the biggest healthcare service companies in the world. If this can happen to such a big company, small healthcare enterprises and clinics are seriously threatened.
Seems like nobody is immune to such cybersecurity attacks.
Not a One-Time Incident: Alarming Rise
More than 540 healthcare companies reported security breaches in 2023 alone.
It impacted more than 133 million patient records.
A 156% increase in similar events from 2022.
It’s a concerning picture of how healthcare data safety around the world is crippling.
Is Your Medical Data Safe?
Lessons Learned in the Wake of Attack
There are some learnings that healthcare companies need to incorporate into their system to prevent such mishaps in the future.
Cybersecurity Challenges Faced by the Healthcare Industry
Need for Cyber Security Solutions for Healthcare
- Protect sensitive patient data
- Ensure regulatory compliance
- Prevent service disruptions
- Mitigate ransomware attacks
- Streamline security management
Common Practices to Mitigate Prevent Cyber Threats
- A security agreement between vendors and contractors in case of a breach.
- Routine assessments and risk analysis after adopting new technologies.
- Robust audit controls and scrutinize activity within information systems.
- Regular reviews to identify and mitigate potential risks.
- Integration to multi-factor authentication.
- End-to-end encryption to protect health information.
How We Can Help
At SyS Creations, we are a team of 50+ healthcare IT professionals including developers, business analysts, compliance specialists, and QA engineers who are dedicated to safeguarding your healthcare organization.
Don’t Wait for a Cyberattack to Cripple Your Practice: Let’s Connect
SyS Creations is trusted to protect almost 90+ applications including industry-leading organizations, ranging from Startups that went public, to Fortune 500 companies, and WHO-featured NGOs.
More than building software and applications, our solutions deliver an exceptional user experience while adding robust security features.
We work to make healthcare safer, one app at a time.