Medical-Targeted Ransomware Is Breaking Records After Change Healthcare’s $22M Payout

June 13, 2024

(Wired) –  When Change Healthcare paid $22 million in March to a ransomware gang that had crippled the company along with hundreds of hospitals, medical practices, and pharmacies across the US, the cybersecurity industry warned that Change’s extortion payment would only fuel a vicious cycle: Rewarding hackers who had carried out a ruthless act of sabotage against the US health care system nationwide with one of the largest ransomware payments in history, it seemed, was bound to incentivize a new wave of attacks on similarly sensitive victims. Now that wave has arrived.

In April, cybersecurity firm Recorded Future tracked 44 cases of cybercriminal groups targeting health care organizations with ransomware attacks, stealing their data, encrypting their systems, and demanding payments from the companies while holding their networks hostage. (Read More)