The report examines 1,250 data security incidents in 2020 to identify cybersecurity trends.
Seven reporting findings:
- Fifty-eight percent of data breaches were caused by network intrusion, displacing phishing (24 percent), which held the top spot for the five previous years.
- One in 5 data breaches were in the healthcare sector, compared to 23 percent in the education sector, 11 percent in manufacturing, 10 percent in finance and 10 percent in business services.
- The average initial ransom demanded in the healthcare industry by threat actors is $4,583,090.
- The largest ransom demand in 2020 for all sectors was more than $65 million, compared to $18 million in 2019.
- The largest ransom paid in 2020 for all sectors was $15 million, tripling the highest ransom payment of $5 million in 2019.
- The average ransom paid by healthcare companies was $910,335.
- The average number of individuals affected by a breach was 39,180.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.