Healthcare is the Second-Most Targeted Industry
A recent study confirmed the healthcare industry is one of the top targeted sectors for cyber attacks. In fact, approximately 39% of healthcare facilities reported being under attack on a weekly basis. Not only could these malicious attacks impede with the facility’s ability to conduct daily operations, but those daily operations impact human life.
In addition to the security for human welfare, each cyber incident comes with a major price tag — $1.4 million actually. To be fair, this is an estimate and supposed to include all costs associated with the recovery process. This may include, but is not limited to:
- Staff overtime pay to remediate systems
- Loss in productivity
- A decrease in stock value
- Reputational damages
- Lost profits
- Contracting forensic investigative teams
- Replacement of hardware and/or software
Based on those things, one can see how it may be difficult to put a price tag on the aftermath of a cyber attack, as there is no way of knowing with absolute certainty, how much revenue was lost due to reputational damages or lost patient care.
Cyber crime is only expected to increase throughout this year — meaning the healthcare industry MUST become proactive with their cyber security measures. This means keeping all systems and applications updated, using multi-factor authentication, disable unused remote access ports and enable proper controls for those ports that must remain active, install a security solution that implements application whitelisting as its primary method of malware detection, and conduct employee training on today’s cyber threats.
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