How CFOs Can Prioritize Cybersecurity
According to the American Hospital Association, as of October 7, 2024, 386 healthcare cyberattacks have been reported. Although the average cost associated with a cyberattack has dropped from $10 million in 2023 to $9.8 million in 2024, these attacks still outweigh many other sectors, making healthcare the most expensive industry for such incidents.
Ransomware Attacks in Healthcare Are Increasing, Creating Longer Recovery
Ransomware attacks on healthcare organizations have hit a four-year high since 2021, with two-thirds of companies saying they were impacted in the past year, according to a survey by security solutions firm Sophos.
Five Strategies to Mitigate Cyber Risks
As regulatory bodies discuss what minimum cybersecurity requirements should be implemented, there are many actions hospitals and health systems can take to reduce exposure and limit liability proactively. Here are five of them.
Healthcare Takes a Breath After Crowdstrike Scare
As of Monday morning, most of the affected systems are back up and running, and hospitals across the country are getting back to business as usual, with a few hiccups along the way. Experts say the global effect of the outage, which was still being felt in other industries, especially the airlines, could top $1 billion.
How a Cybersecurity Audit Can Identify Risk of Compromise
As these attacks become more sophisticated and the extent of their damage grows, organizations must be vigilant when it comes to patient data and information. When conducting cybersecurity audits, the HHS Office of Inspector General uses their findings to provide recommendations to help strengthen the subject’s security.
More Than One-Third of Organizations Lack Cybersecurity Response Plan
Only 63% of organizations have a cybersecurity plan in place, according to a survey by Software Advice, which means many are vulnerable to potentially crippling attacks that can be costly and damaging to patient trust.
What Could Possibly Go Wrong? New Study Examines Aftermath of Cyberattacks
A new JAMA study found that emergency room visits and inpatient admissions decrease after ransomware attack. The study looked at emergency department and patient discharge data from the state of California between 2014 and 2020 and identifying eight ransomware attacks that disrupted the operations of 15 hospitals.
Improving Cybersecurity in Healthcare Through Partnerships
While larger systems are usually the focus of headlines when attacks happen, Frank Forte, CEO of Anatomy IT, points out that the same problems faced by larger healthcare systems are exacerbated in the mid-market or smaller organizations, those with under a thousand full-time staff.
HHS to Invest $50M in Hospitals’ Cybersecurity Initiative
The Advanced Research Projects Agency for Health (ARPA-H) announced on Monday the launch of an initiative to develop tools that IT teams can add to their cybersecurity efforts. As part of the Universal PatchinG and Remediation for Autonomous Defense (UPGRADE) program, the agency will be investing more than $50 million for the development of tools.
Cybersecurity in the Healthcare Sector: Best Practices for Preventing Today’s Attacks
The Change incident is not alone. In 2023, more than 540 organizations and 112 million individuals were affected by healthcare data breaches reported to the Office for Civil Rights (OCR), compared to 590 organizations and 48.6 million impacted individuals in 2022. The incidents have become increasingly complicated, and the money at stake is only growing larger.