Healthcare Triangle (NASDAQ: HCTI) Launches New Ransomware Prevention Initiative

July 12, 2023 at 13:22 PM EDT

Company Aims to Help Healthcare Providers Strengthen Defenses Against Rising Threat

Healthcare Triangle, Inc has announced a new initiative to help healthcare organizations prevent and respond to ransomware attacks. The company will provide education, risk assessments, recommendations, and other services aimed at improving ransomware preparedness. Healthcare Triangle seeks to proactively help healthcare providers improve preparedness and resilience against the growing ransomware threat.

Ransomware Attacks on Healthcare Sector Have More Than Doubled Since 2016

According to Healthcare Triangle, ransomware attacks against healthcare organizations in the U.S. have more than doubled from 2016 to 2021. These attacks have exposed the personal health information of nearly 42 million patients over just a few years.

Recent high-profile ransomware incidents have impacted major healthcare institutions. In 2021, ransomware attacks forced hospitals across the country to turn away patients and even completely shut down operations.

Most recently in 2022 and 2023, major attacks on CalPERS, CalSTRS and Johns Hopkins have been attributed to Russian hacker groups like the Cl0p ransomware syndicate. While large health systems tackle these major attacks, rural hospitals face significant budget issues that leave them especially vulnerable.

New Legislation Seeks to Aid Rural Hospitals with Cybersecurity

Rural hospitals often operate on tight budgets that constrain their ability to invest in cybersecurity defenses. New legislation like Senator Josh Hawley’s “Rural Hospital Cybersecurity Enhancement Act” aims to provide federal assistance and resources to improve protections.

Healthcare Triangle applauds Congressional efforts such as this bill and the work of the Joint Ransomware Task Force to address the growing threat of attacks. More initiatives are needed to help healthcare providers of all sizes manage the rising risk.

Healthcare Triangle’s Comprehensive Ransomware Offerings

To aid healthcare organizations, Healthcare Triangle will educate participants on incident response planning, prevention strategies, and early detection/rapid response.

Specific services include risk assessments, recovery planning, multi-factor authentication implementation, simulated phishing exercises to test staff readiness, prompt software updates, routine external risk assessments, continuous endpoint monitoring, and partnering with cybersecurity firms.

Company Aims to Take Leadership Role on Ransomware Issue

Healthcare Triangle seeks to proactively help healthcare providers of all sizes improve preparedness and resilience against ransomware. The company is in talks with several health systems about the new ransomware initiative and aims to raise awareness and deliver robust, best-in-class solutions throughout the healthcare industry.

Ransomware Preparation Key to Protecting Patient Safety

By strengthening defenses against ransomware, healthcare providers can focus on delivering quality patient care without disruptive and dangerous attacks compromising operations. Healthcare Triangle’s ransomware prevention initiative aims to make healthcare more resilient in the face of rising cyber threats.

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

The post Healthcare Triangle (NASDAQ: HCTI) Launches New Ransomware Prevention Initiative appeared first on Spotlight Growth.

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