The healthcare industry has witnessed a significant surge in advanced email attacks [2], including Business Email Compromise (BEC) attacks [2], according to a report by Abnormal Security [1]. This article highlights the alarming increase in BEC attacks and the potential threats they pose to healthcare organizations.
Description
The report reveals a staggering 279% rise in BEC attacks this year alone, representing a 167% increase in advanced email attacks compared to the previous year. These attacks are particularly challenging to detect as they often originate from legitimate domains and primarily consist of text-based messages. However, their potential for direct financial losses makes them a significant concern. On average, each BEC attack results in a reported financial loss of $125,000. The report also warns healthcare organizations to brace themselves for a further surge in attacks during the latter half of this year. To effectively combat these threats, Abnormal Security recommends the adoption of solutions that incorporate artificial intelligence and machine learning to enhance cybersecurity practices.
Conclusion
The rise in advanced email attacks [1], specifically BEC attacks, poses a grave threat to the healthcare industry. The potential for substantial financial losses demands immediate attention and proactive measures. Healthcare organizations must prioritize the implementation of advanced cybersecurity solutions that leverage artificial intelligence and machine learning. By doing so, they can effectively mitigate the risks associated with these attacks and safeguard their financial resources. As the threat landscape continues to evolve, it is crucial for healthcare organizations to remain vigilant and adapt their cybersecurity practices accordingly.
References
[1] https://www.infosecurity-magazine.com/news/bec-attacks-increase-279-healthcare/
[2] https://abnormalsecurity.com/blog/healthcare-organizations-email-attacks-2023
