In 2015 the healthcare industry was the most attacked by cyber criminals according to the Cyber Security Intelligence Index published by IBM. This same report claimed that nearly 8 out of 10 healthcare institutions were hit. And it is only going to get worse. In a recent article published by CSO it was stated that ransomware attacks on healthcare organizations will quadruple by 2020. According to the Verizon 2016 Data Breach Investigations Report, the healthcare sector is 30 percent more likely than the financial sector to have a breach of the internal network with the average cost of a healthcare breach estimated to be more than $2.2 million. But not only does a cybersecurity threat pose a financial risk but creates a situation of life and death.
In addition to the risks of modern piracy, the shipping industry also encounters frequent threats from cybercrime. In a 2016 Safety report from a major international insurance company, cyber risks were mentioned as 'foreseeable but not yet a serious reality', yet the following year the largest shipping company in the world was hit by ransomware. The cyber attack resulted in the complete disabling of 4,000 servers and 45,000 employee workstations. The ensuing loss to the company resulted in a $300 million charge to their financial statement. Though many organizations don't expect to be the victim of cybercrime, no company in any industry should be considered immune.
A 2015 report on bitcoin vulnerability, funded by the U.S. Department of Homeland Security, found that the security threat to cryptocurrency is larger than many people thought. At that time, DHS estimated that nearly 1 out of 3 bitcoin exchanges had been compromised by hackers. Since that report was published, hundreds of millions of dollars have been stolen from cryptocurrency exchanges. Until exchanges make serious improvements to their security operations, public confidence will continue to erode and the risk of government regulation will increase.
Behind the medical organizations, mortgage-related companies collect some of the largest volumes of sensitive data compared to any other industry. The average consumer file related to a mortgage loan contains more information than collected by even the Internal Revenue Service. This level and volume of critical information makes mortgage companies a prime target for security threat actors. For this reason alone, it is vital that organizations in this industry take the necessary precautions to protect their critical systems.