Posts Tagged: cybersecurity

Top Cybersecurity Threats for Healthcare

Cybersecurity threats for healthcare

Cybersecurity threats for healthcare aren’t going anywhere. The reality is that healthcare is hit with more cyber attacks than any other industry apart from the government. And they cost real money. According to one report from Radware, that number can top $1.4 million for recovery. Those costs add up due to loss of productivity, reputation damage, and service disruption. 

What can healthcare organizations due to combat this trend? There are some key threats to recognize and prepare for that can ensure you mitigate damages.

Threats to Healthcare—Both Now and in the Future

Cybersecurity threats for healthcare aren’t new. The same issues that were valid last year will still be a problem next year. The key is to manage those threats.

Cloud Security

Healthcare has lots of data. It makes sense to store it in the cloud, rather than on physical servers that sit onsite. With cloud security, the main concern will continue to be a data breach. It takes much more effort for you to protect your cloud than for a cybercriminal to target it. 

What’s critical is for your organization to have a system in place that tracks and monitors traffic. You need to be proactive in your approach, rather than simply having a plan for a breach.

Unsecured Mobile Devices

Everyone’s connected all the time. While that’s great for communication and collaboration, it opens the door for a hack. If you have a BYOD (bring your own device) policy, then it needs to take into consideration what those mobile devices might be accessing. Is it patient data? Is it proprietary information? Because you can’t have that information being transferred or stored on an unsecured device.

Even if the mobile devices being used have a high layer of security, it never hurts to add more. Consider authentication capabilities so that mobile devices stay secure.

healthcare cybersecurity

Ransomware

Hackers have shifted gears in their attack on healthcare, using ransomware attacks more often. While healthcare and other industries have been able to prevent most automated ransomware attacks, attackers now focus on targeted approaches. 

Hampering future attacks requires you to understand your weaknesses, which is something a threat assessment can provide. With healthcare information having a high value on the black market and turning up there regularly, you need to optimize the visibility of traffic. This can help identify patterns that could save you from being a victim.

Exploiting IoT

The use of the Internet of Things (IoT) in healthcare has massive opportunities to improve care. However, it raises new concerns over security. It’s already been proven that wearable devices can be hacked. It’s not just the data that’s being collected but also the actual operation of the equipment. 

One issue is that many IoT devices don’t support an endpoint security agent. Without this, they cannot block an attack successfully. Additionally, the volume of devices and the diversity of platforms makes it challenging to have a security plan in place that is holistic. 

People

Yes, people. They are often your biggest weakness. Human error is a leading cause of breaches. But note that it’s an error, not a malicious act. The way to combat this is with consistent and continuous education of your employees. Cybersecurity is not just the duty of IT; it’s everyone’s responsibility. 

No matter how many policies and procedures you have, they’ll fail without education and awareness. Take time to create an educational program that could include elements like daily reminders or gamification.

Cybersecurity healthcare threats will continue to be a significant challenge for your organization. Being proactive in how you prepare for them could be the difference between lost revenue and secure data. 

Healthcare Data Breaches Will Cost Sector $4B in 2019

healthcare data breaches 4B

Healthcare is a massive target for cybercriminals. Hackers are clearly outpacing the technology innovation of provider organizations. Healthcare data breaches, according to a Black Book Market Research survey, will cost $4 billion in 2019. That’s billion with a B.

The survey included over 2,800 security professionals from 733 providers. The intent was to identify gaps, risks, and vulnerabilities that are inhibiting the healthcare industry in making strides to combat breaches. About 96% of experts surveyed believe cybercriminals are ahead of their ability to defend against them.

These eye-opening stats reinforce the need for healthcare to be more proactive in cybersecurity. The number of attacks is only increasing, as 93% of healthcare organizations have experienced one in the last three years. About one in 10 healthcare consumers has had their data stolen.  

Why Is Healthcare Still Struggling with Data Breaches?

healthcare data breaches struggle

Since it seems that healthcare data breaches won’t be waning, it’s time to address the real struggle. Much of it comes down to budget constraints. Black Book identified that 90% of respondents said their IT security budgets have remained relatively flat since 2016.

With competing priorities and every department fighting for funding, healthcare organizations find it difficult to invest in something that doesn’t generate revenue. However, the consequence of not investing puts them at a significant risk. This risk is quantifiable, as well. Most cyberattack recovery for healthcare breaches is, on average, $3.92 million. That number can easily rise depending on the type of breach and patients impacted.

Without budget evolution in healthcare, the focus on how to protect healthcare IT isn’t clear. They don’t have historical data. There are emerging technologies like AI. And, some of the buyers in healthcare organizations aren’t performing a true due diligence. That’s because a majority of hospitals don’t have a security executive on staff. Without expertise to make crucial decisions, cybersecurity won’t be as impactful.

Instead of managing cybersecurity internally, many in the healthcare sector are outsourcing this function. This approach can reduce costs and ensure that the latest cybersecurity tools are in place for defense mode.

Healthcare and Technology: Not Exactly the Odd Couple

Healthcare has a unique relationship with technology. It’s been able to boost outcomes, improve patient care, and deliver insights based on big data collection. But it has also created new risks, as healthcare data requires protection and compliance with HIPAA. Where these two sides converge is right now a space of vulnerability.

The future of healthcare cybersecurity must outpace what cybercriminals can do. Otherwise, the cost of risk becomes greater than the desire for profitability. When an organization hits this point, larger budgets for security could become a reality. However, healthcare should make careful investments and not be overly influenced by the immediacy that cybersecurity presents. Being strategic and proactive in cybersecurity is the optimal path to decreasing cyber attacks and healthcare data breaches.