Global cybercrime will reach $10.5 trillion by 2025, making it more profitable than the international drug trade and larger than all economies except the U.S. and China. In particular, cybercrime is making a major impact on the U.S. healthcare system.
Cybercriminals from every corner of the globe are sending out 3.4 billion phishing emails daily, according to Earthweb, and U.S. healthcare organizations are a prime target. In 2021, 61% of respondents to a Sophos healthcare study reported that they paid ransoms, which is a rate higher than any other sector. And, ransomware attacks on healthcare organizations increased an alarming 94% in just one year.