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Industries Most Affected by Ransomware

By Alison DeNisco

There have been several high-profile ransomware attacks on hospitals and other healthcare providers, and indeed certain industries are at greater risk than others. However, the healthcare industry isn’t the field most at risk. If you work in IT in any of these industries, take steps to protect your business.

Alison DeNisco writes, “Education is the industry most likely to be hit by ransomware attacks, according to a new report from security ratings provider BitSight.

“The report analyzed the cybersecurity performance of nearly 20,000 companies across government, healthcare, finance, retail, education, and energy/utilities.

“Some 13% of education industry organizations were attacked by ransomware in the past year, compared to about 6% of government agencies and 3.5% of healthcare organizations. The lowest risk was in the financial sector, with only 1.5% of companies affected.

“‘Ransomware is a legitimate threat, with estimates from the U.S. Justice Department showing that over 4,000 of these attacks have occurred every day since the beginning of 2016,’ said Stephen Boyer, co-founder and CTO of BitSight, in a press release. ‘While several ransomware attacks on healthcare companies have made headlines this year, the issue is more widespread.’

“According to the report, ransomware attacks have grown tremendously over the past year—doubling or tripling in some cases. This is due, in part, to the number of different sophisticated trains of the malware now available to cybercriminals, including the Nymaim Trojan and Locky.”

Read on for more.