In 2021, the FBI recorded more than 3,700 ransomware attacks, resulting in $49 million in losses. When organizations do pay the ransom, they typically do so in cryptocurrency. In fact, 98% of ransomware payments are made in Bitcoin.

As experts in cybersecurity in Miami, we know first-hand that anyone can become the victim of a ransomware attack.

The healthcare industry is under constant pressure to adopt new technologies that will improve patient care. Blockchain, a relatively recent technology, is one of those technologies that are generating interest in healthcare. But what is blockchain and how can it help healthcare organizations?

What is blockchain?

Although the technology is known for enabling cryptocurrencies like Bitcoin and Ethereum, blockchain has a broader use beyond an alternative form of currency.

Blockchain has made headlines worldwide as more people are starting to realize just how crucial the technology may be for applications outside of cryptocurrency. However, as the experts at our cybersecurity company in Miami will tell you, there are security vulnerabilities in blockchain that must be addressed.