Healthcare Triangle Ransomware Protection and Prevention Initiative Draws Initial Support from Multiple Health System Clients

Company offers critical resources for seven key tenets of ransomware cybersecurity: education, assessment, preparedness, protection, detection, response, and recovery

PLEASANTON, Calif., July 26, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“HCTI” or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI data processing for the healthcare and life sciences industries, today announced that its new ransomware prevention and protection initiative launched earlier this month is drawing initial interest and support from numerous health system clients seeking critical tools and guidance for preventing and responding to ransomware incidents. The Company is servicing multiple contract agreements for cloud backup and disaster recovery, enabling hospitals and health systems to move disaster recovery to the Amazon Web Services (AWS) cloud to secure resources and scale on demand. This helps to mitigate risks by increasing resilience and meeting compliance requirements. Elastic disaster recovery minimizes downtime with minimal RPO (recovery point objective) and RTO (recovery time objective) for immediate recovery to ransomware events.

“The accelerating volume of national news about ransomware incidents is driving widespread demand for cybersecurity services. Our clients are seeking guidance and protection from solutions that are specific to the concerns and needs of healthcare systems and their patients,” said Lena Kannappan, head of business, strategy and partnerships for Healthcare Triangle. In July alone, one of the country’s largest providers confirmed a data breach impacting 11 hospitals and 12 million patients, and now faces at least four class action lawsuits. A prominent community hospital had to close its doors permanently due to a 2021 ransomware attack that caused devastating financial loss. IBM reported that ‘the average costs of a studied breach in healthcare reached nearly $11 million in 2023 – a 53% price increase since 2020.’ Rural hospitals are particularly vulnerable to risk at these high costs.

“Healthcare Triangle’s mission is to fill a leadership role as the authority on specialized cybersecurity and identity management solutions for organizations ranging from small community healthcare providers to large healthcare systems serving millions of patients. We are in discussions with multiple cybersecurity product vendors and public cloud providers to bring best-of-breed solutions to the hospital community,” Kannappan continued. “In just two weeks, our initiative has drawn a significant amount of interest from our existing health system clients and partners. This strong initial response bodes well for the continuing adoption of our critical resources for preparedness, prevention, detection, response, and recovery from ransomware attacks.”