Healthcare Triangle Shares Hit 52-Week High After Launching Ransomware Initiative | #ransomware | #cybercrime

By Chris Wack

Healthcare Triangle shares more than doubled to $6.92 after the company said it launched a new initiative aimed at preparing healthcare organizations with critical tools and guidance for preventing and responding to ransomware incidents.
The stock hit its 52-week high of $10.89 earlier in the session, but is still down 20% in the past 12 months.

The company said 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.
The initiative’s ransomware prevention practices and training services will include education workshops, risk assessment, backup and recovery plans, and software updates.
Write to Chris Wack at chris.wack@wsj.com