Cybercriminals are always trying to find that soft vulnerable spot to gain unauthorized access, more so post-pandemic. While the cyber threat is a big concern for all industries, healthcare is the one that cannot afford a cyber hack, given its indispensable nature.
When it comes to a cyberattack on the healthcare system, it’s not just about the financial and reputational loss. Rather, its impact should be measured by how many lives it affects: the patients who rely on sophisticated machines for their survival.
Another top concern is the privacy of the patients. A cyber attack exposes the PHI and other sensitive information of patients. Failing to keep patients’ records private can attract substantial penalties from HIPAA’s privacy and security rules, not to mention the damage to the reputation within the community.
The Department of Health and Human Services office reported 714 data breaches in 2021, which is the worst ever, beating 663 breaches in 2020.
Some of the major 2021 data breaches in the healthcare industry that affected millions of lives were:
The reason healthcare organizations are so prone to cyber attacks is the fact that they carry so much monetary and intelligence value to hackers and nation-state actors. Plus, human life can be taken as a weapon for ransom. The fact that stolen medical records are sold at a higher value as compared to those of other industries, acts as a cherry on top.
And for healthcare organizations, the cost of remediating the breach triples that of other industries. The healthcare industry has already been burdened and overwhelmed by the recent pandemic, it should not be bothered by compliance and cybersecurity concerns.
The way ahead is to embrace outcome-based cybersecurity that is proactive and takes care of compliance woes with ease and effectively provides affordable cybersecurity.
Join our upcoming webinar “The HIPAA Security Rule: Are the Safeguards Really Enough?” on April 27th at 1:00 PM, EST where Cyvatar teams up with Healthcity and explores with us how compliance is a byproduct of a sound outcome-based cybersecurity.
Circa Las Vegas
Thurs. Aug 5th
Cybersecurity Reunion Pool Party at BlackHat 2021