Healthcare Triangle Launches Ransomware Initiative Aimed at Protection and Prevention for Healthcare Providers
July 12 2023 - 8:45AM
Healthcare Triangle, Inc (Nasdaq: HCTI) (“HCTI” or the
"Company"), a leader in digital transformation solutions including
managed services, cloud enablement, and data analytics for the
healthcare and life sciences industries, today announced its launch
of a new initiative aimed at preparing healthcare organizations
with critical tools and guidance for preventing and responding to
ransomware incidents.
Ransomware attacks on the U.S. healthcare sector have more than
doubled from 2016 to 2021 and have exposed confidential and
protected medical information of nearly 42 million patients.1 Most
recently, CalPERS and CalSTRS, the nation’s two largest public
pension funds, were attacked with a data breach that exposed
personal information on 1.2 million government retirees and
beneficiaries. In May, Johns Hopkins University and Johns Hopkins
Health experienced a similar cyberattack and data breach. Both
incidents have been attributed to a Russian hacker group known as
the Cl0p ransomware syndicate. Meanwhile, while large institutions
and healthcare systems address major attacks, rural hospitals
particularly vulnerable to risk are facing significant budget
constraints for ransomware protection and need assistance from the
federal government. In response, U.S. Senator Josh Hawley's “Rural
Hospital Cybersecurity Enhancement Act” passed through committee on
June 14, 2023, and now heads to the Senate floor. Healthcare
Triangle applauds this and other actions by the U.S. Congress to
address the growing threat of ransomware attacks, including the
work of the Joint Ransomware Task Force (JRTF), an interagency
effort to reduce ransomware.
Lena Kannappan, head of business, strategy and partnerships for
Healthcare Triangle, stated, “Generative AI and data modernization
technologies can play a key role in improving patient outcomes and
streamlining healthcare operations. However, looming ransomware
threats can severely impact patient care, disrupt operations, cause
financial losses, put community lives at risk, and force hospitals
to shutter operations. With our new ransomware initiative, our
Company’s goal is to take a proactive leadership role in educating
and equipping rural hospitals, community hospitals, and large
health systems in need with critical resources for improving their
preparedness, prevention, detection, response, and recovery from
ransomware incidents. We are engaged in discussions with several
healthcare systems about this initiative and look forward to
raising awareness and delivering robust, best-in-class solutions
throughout the healthcare and life sciences industries.”
Participants in Healthcare Triangle’s ransomware initiative will
benefit from three key learning topics about artificial
intelligence, machine learning, and ransomware challenges.
- Key Learning #1 – The crucial role
of incident response planning, testing, and the role each person
plays in minimizing the impact of ransomware attacks to improve
basic cybersecurity hygiene in healthcare.
- Key Learning #2 – Effective
strategies for preparing for and preventing ransomware.
- Key Learning #3 – The criticality of
early detection and rapid response phase of ransomware
attacks.
Healthcare Triangle’s ransomware prevention practices and
training services include:
- Education workshops
- Risk assessment
- Recommendations for most effective tools and processes
- Backup and recovery plans
- Multi-factor authentication (MFA)
- Identity management
- Simulated phishing exercises
- Software updates
- Routine risk assessments
- Continuous monitoring
- External partnering
- Measures of effectiveness
Contact the Company for more information:
info@healthcaretriangle.com
About Healthcare Triangle
Healthcare Triangle, Inc. based in Pleasanton, California,
reinforces healthcare progress through breakthrough technology and
extensive industry knowledge and expertise. We support healthcare
including hospitals and health systems, payers, and pharma/life
sciences organizations in their effort to improve health outcomes
through better utilization of the data and information technologies
that they rely on. Healthcare Triangle achieves HITRUST
Certification for Cloud and Data Platform (CaDP), marketed as
CloudEz™ and DataEz™. HITRUST Risk-based, 2-year (r2) Certified
status demonstrates to our clients the highest standards for data
protection and information security. Healthcare Triangle enables
the adoption of new technologies, data enlightenment, business
agility, and response to immediate business needs and competitive
threats. The highly regulated healthcare and life sciences
industries rely on Healthcare Triangle for expertise in digital
transformation encompassing the cloud, security and compliance,
data lifecycle management, healthcare interoperability, and
clinical and business performance optimization. For more
information, visit www.healthcaretriangle.com.
Forward-Looking Statements and Safe Harbor
Notice
All statements other than statements of historical facts
included in this press release are "forward-looking statements" (as
defined in the Private Securities Litigation Reform Act of 1995).
Such forward-looking statements include our expectations and those
statements that use forward-looking words such as "projected,"
"expect," "possibility" and "anticipate." The achievement or
success of the matters covered by such forward-looking statements
involve significant risks, uncertainties and assumptions. Actual
results could differ materially from current projections or implied
results. Investors should read the risk factors set forth in the
Company's Prospectus filed with the SEC on October 7, 2021,
previous filings, subsequent filings and future periodic reports
filed with the SEC. All the Company's forward-looking statements
are expressly qualified by all such risk factors and other
cautionary statements.
The Company cautions that statements and assumptions made in
this news release constitute forward-looking statements and make no
guarantee of future performance. Forward-looking statements are
based on estimates and opinions of management at the time
statements are made. The information set forth herein speaks only
as of the date hereof. The Company and its management undertake no
obligation to revise these statements following the date of this
news release.
Contacts
Media:Michael Campanamichael.c@healthcaretriangle.com
Investors:1-800-617-9550
ir@healthcaretriangle.com
_________________________
1 Journal of the American Medical Association (JAMA). Trends in
Ransomware Attacks on U.S. Hospitals, Clinics and Other Health Care
Delivery Organizations, 2016-2021. December 2022.
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