Ransomware Attacks Strike Fear in US Hospitals
On June 15, 2023, the residents of Spring Valley, IL woke up to the sobering news that St. Margareth’s Health hospital, one of only a few hospitals in the region, would be closing. The cause of the closure? A devastating cyberattack. After falling prey to cybercriminals, the hospital’s personnel were unable to submit claims to insurers, Medicare or Medicaid for months, which ultimately spelled its financial doom. The St. Margareth’s incident is not an outlier.