Healthcare is an industry often overlooked when it comes to cybersecurity. We think of cybercrime as giant corporate data breaches and hackers on social media platforms.
Medical organizations, however, hold a massive amount of sensitive data that cybercriminals may choose to target. Ensuring protection with proper cybersecurity protocols and cyber insurance is crucial.
Healthcare Cyber Risks
It’s essential to be aware of the following cyber risks in healthcare:
- Business Interruption: Unlike in other industries, healthcare systems going down due to a cyber attack can be life-threatening. If workers cannot access patient charts or drug delivery is halted, there can be significant consequences.
- Data Breach: Large amounts of personal and sensitive information are collected and stored by medical professionals. Therefore, the data breach will likely be sizable if a cybercriminal gains access to files.
- Wire Fraud: Healthcare organizations often transfer funds electronically in large sums for procedures and equipment purchasing, leaving them vulnerable to wire fraud.
- Employees: If employees, knowingly or unknowingly, do not follow proper cyber security protocols, the organization will be susceptible to hackers.
Stay Cyber-Safe in Healthcare
A cyber attack in healthcare can result in steep fines, lawsuits, reputation change, and danger to patients. Organizations should continually assess their cyber risks and have the proper protocols and insurance to stay cyber-safe.
Please contact Steve Longenecker (303-808-9351, x2) at Mountain Insurance: Longmont to discuss your business insurance coverage options in Longmont, CO, and our neighboring communities.
We give out $25 gift cards for referrals that become our insurance clients.
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