Ransomware has affected healthcare for decades, but organizations have become increasingly vulnerable as attackers have become brazen and more sophisticated. There's a financial and reputational impact: One health system had to settle with 126,000 patients for up to $3,000 each following a 2020 incident. And there's an operational impact: Two hospitals in Connecticut had to divert ambulances and close multiple outpatient facilities while computers were down earlier in 2023. Remediation can be costly. Not only do healthcare organizations need to get core business applications up and running again, they also need to recover lost revenue. An NCC Group analysis pegs the potential overall loss from a single ransomware attack at 30 percent of annual operating income. For one hospital St. Margaret's Health in Illinois the financial impact of a 2021 ransomware attack was enough to force the institution to close for good. "The cost is only going up," says Jon Nelso
Someone who is reaching retirement age today but who didn't start saving until the age of 40 is probably following advice from the mid-1990s around the time that floppy disks were being phased out..
Some technologies may be old but they're still gold for some people. Time waits for no man, and in this case, technology. People find new ways to improve their lives through the application of science in their daily lives; it's why we no longer see pay phones, phonebooks, and the Walkman in public.
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