FAIR for Hospitals: What a Ransomware Shutdown Really Costs

A ransomware shutdown in healthcare could cost $1.9 million per day on average, according to one 2024 report. The good news is that the average cost for healthcare providers to rebound from a ransomware incident dropped from $2.6 million in 2024 to just over $1 million in 2025, according to the “State of Ransomware in Healthcare 2025” report from Sophos. Still, given how serious ransomware threats are, health systems face challenges to build the right budget to protect against these attacks. Frameworks such as Factor Analysis of Information Risk (FAIR) provide a model for how to gauge the…