What Growing Federal Scrutiny of Healthcare Cybersecurity Means for Organizations

As the U.S. government aims to strengthen public and private cybersecurity processes, here’s what healthcare organizations need to know. Recovering from a ransomware attack will cost a healthcare organization $1.85 million, on average, and take about a week to resolve, according to Sophos’ most recent report. Healthcare organizations are also more likely than organizations in other sectors to pay the ransom, but when they do, they may not get back all their data. And just 78 percent of healthcare organizations have cyber insurance coverage, according to Sophos’ “The State of Ransomware in Healthcare 2022.” As healthcare systems face the daunting proliferation of cyberthreats and vulnerabilities, the federal government has continued to keep a close watch on the sector. The landscape has drastically evolved since HIPAA was signed into law in 1996.