The Cost Of A Cyber Attack In Healthcare

Healthcare and Cyber Attacks

Cyber-attacks occur all too often on businesses these days. Especially within the healthcare industry. So much so, that 88% of ransomware attacks made are directed towards healthcare organizations. Why? Simple, healthcare companies secure some of the most sensitive and confidential information a business owns. Personal medical and credit information. Each record a hacker steals may cost over $350 on the black market.

The plethora of different things a hacker can do with a patient’s information is scary. And what’s scarier? Knowing the only thing between their records and the hackers is one of your employees clicking on a bad link. Sure, you may have all the newest software security installed. That does not protect you from the negligence of your employees. The incentive for hackers to steal healthcare info is constant. Healthcare companies should secure it with as much incentive.

Insurance is Not the Only Answer!

However, not in the form of just cyber insurance. Having cyber insurance is necessary as a safety net for a catastrophic event. However, buying insurance won’t secure your network. The organization itself must do that. Being proactive in securing client information is crucial as it will keep you from trouble and a loss of money/reputation.

Our Suggestions

We suggest rigorous employee training (since 81% of cyber attacks occur due to employee negligence). We also believe having third-party, cybersecurity experts help install security software to protect info and consult is a must. Constant employee phishing tests are needed. And above all, the right mindset on the importance of cybersecurity. Your information is only as safe as the most negligible employee. Making sure everyone on board has that same mentality of cybersecurity being crucial is our biggest suggestion.

For a comprehensive examination of your cyber exposures and cyber insurance click the “Request a Cyber Evaluation Button” above.  Call a risk advisor today at 914-357-8444 or visit our website here.