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Ransomware Attack Costs Medical Practice $75,000

June 26, 2019

Ransomware Attack Costs Medical Practice $75,000

An Ohio urology practice was allegedly hacked earlier this month and agreed to pay a $75,000 ransom to unlock its computer system. According to an article from Fierce Healthcare, a practice administrator reported to police that a fax was waiting for him when he arrived at the practice office requesting that the medical practice pay a ransom in order to access its computer records. The medical practice then reportedly contacted its IT vendor, which said it suspected the hack originated in Russia. According to a police report, the IT vendor used a third party to pay the hackers in bitcoin to remove the malware.

The practice told police that the hackers so disrupted their computer system that it took two days to access their records. Police said the administrator estimated a revenue loss between $30,000 and $50,000 per day. As evidenced by this example, a cyberattack can cripple your practice and impact your patients. However, there are many resources available to help you prevent these events and to plan and prepare for the worst-case scenario.

Free Resources to Protect Your Practice

In partnership with our cyber risk experts, NAS Insurance, LAMMICO is proud to offer our insureds complimentary access to CyberNET®, the most advanced cyber risk management solutions inclusive of sample policies, incident response plans and other compliance and training materials. Registered LAMMICO.com Members are encouraged to log in and access the NAS CyberNET portal through LAMMICO Practice Solutions.

The U.S. Department of Health and Human Services' Office for Civil Rights (OCR) also provides resources to help prevent your organization from falling victim to this type of cyberattack. To access these resources, click here.

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