Cyberattacks on healthcare organizations pose significant risks to patient data, increasing costs, and disrupting care. Throughout 2023, healthcare ransomware attacks rose by 74% worldwide and 128% in the U.S. These attacks have resulted in delayed medical procedures and disruption of patient care. The average ransom payment by healthcare organizations in 2023 was $4.4 million, and the average cost of recovery was $2.57 million. Healthcare leaders are now realizing the gravity of these threats and are seeking strategic ways to combat them.
AI, M&A, Cybersecurity, and Policy Shifts Poised to Reshape the Industry
AI is expected to play a growing role in healthcare by 2025, particularly in diagnostics, thanks to improved decision-making, efficiency, and predictive analytics. However, health
