Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

‍Cyber insurance is becoming increasingly important and necessary as cyber attacks become more sophisticated and frequent. Healthcare is one of the most targeted industries because of the valuable medical data they handle and the lack of proper cybersecurity protections. Although cyber insurance doesn’t prevent security breaches, it provides a safety net for businesses to cover their financial losses.

How geopolitics and hacktivism is causing trouble for the healthcare industry

According to a report released by IBM and Ponemon, the healthcare sector has the highest rates of security breaches and cyber attacks globally. The average cost of a data breach for healthcare organizations is around $10.1 million, while the global average for all industries sits around less than half of that amount, at about $4.35 million.

In this blog post, we briefly outline these findings and what organisations can do to defend themselves.

Over the past several decades, cybercrime has evolved to be more comprehensive, threatening, and damaging. There is an emerging trend of cybercriminals attacking all sorts of individuals and organizations in the industry. The healthcare industry has been a soft target for many years and healthcare data is a prime target for cybercriminals intent on stealing data.

Data breaches have become an unfortunate reality of the digital world we live in. While there is no doubt that efforts can be made to mitigate the chances of a data breach, living in a completely data breach-free world is not realistic. Apart from having processes and technology in place to prevent data breaches, companies should also have a plan of action in case they do suffer a breach. One aspect of being prepared is understanding how vulnerable your industry may be to data breaches.

In this latest blog post we are going to show you how to best set up Nightfall to discover and protect HIPAA data stored across your organization, maintaining patient privacy and helping avoid regulator fines.

With Nightfall’s enhanced PHI detection capabilities, which are based on an advanced combination of logic and context, it is very easy to identify specific instances of PHI unique to organizations. What’s even better is that all of this can be automated and tie seamlessly into existing customer workflows.

Healthcare statistics by HIPAA revealed that healthcare cybersecurity incidents fell by 8% in February 2022 but still faced 46 incidents affecting 2.5 million people.