Moody’s warns of revenue risks as healthcare cyberattacks increase

According to a report by Moody’s Investors Service, the healthcare sector will continue to face high cyber risk, potentially leading to lost revenue and increased expenses. The sector’s large amount of sensitive patient data makes it a prime target for attacks, particularly ransomware. While the adoption of digital health technology has expanded innovation and access, it also leaves the sector vulnerable. The report emphasizes the need for healthcare systems to invest more in cybersecurity measures to mitigate future breaches. The Biden administration’s focus on cybersecurity may boost efforts to combat cyberattacks.