Magnolia Pediatrics pays ransom to decrypt and retrieve their information

Exploit: Ransomware
Magnolia Pediatrics: Full service pediatric medical provider

Risk to Small Business: 1.555 = Severe: A ransomware attack on the clinic’s IT company allowed hackers to access Magnolia Pediatrics’ network and encrypt it with ransomware. The company paid an undisclosed fee and received a decryption code to retrieve their information. Now, the practice has reset all user passwords, and they installed new firewalls and spam filters to protect against similar threats in the future. Of course, such retroactive measures cannot undo the costs associated with ransom payments, bad press, and negative publicity that could encourage patients to take their business elsewhere.

Individual Risk: 2.428 = Severe: Hackers encrypted patient data, including names, dates of birth, Social Security numbers, addresses, phone numbers, insurance information, and medical records. Magnolia Pediatrics doesn’t believe that any patient data was misused in the breach, but they are encouraging all users to monitor their credit card statements for unusual activity.

Customers Impacted: Unknown
How it Could Affect Your Customers’ Business: Whether companies choose to pay a ransom or restore their IT infrastructure, ransomware attacks are undoubtedly expensive. With additional financial repercussions that can last indefinitely, every company has thousands of reasons to protect their networks from damaging malware. Taking preventative steps before a breach occurs can save time, money, and personnel resources, making defensive maneuvers the cost-effective, advantageous approach to addressing the threat of ransomware.

Risk Levels:

1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk

*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.