Cybersecurity Resilience in Healthcare Can Save Lives

Healthcare organizations are the owners and distributors of valuable patient information and data, all of which are held in a range of Internet of Things (IoT) devices and communication networks. This creates an attack surface with tens of thousands of entry points for unwanted network access. Further, the lack of organizational resources available to healthcare systems makes it a popular target. Securing an entire hospital network is a costly endeavor and often more than an underfunded hospital can afford. Some healthcare systems invest in cyber insurance to cover these costs and/or help them respond to a cyber incident, but the rise in recent attacks has inflated policy premiums and there is no guarantee that policies will cover the entire fallout from an attack.Nevertheless, securing healthcare systems is non-negotiable.

Medigy Insights

Healthcare organizations that operate as public companies must also adhere to reporting requirements for cyber incidents thanks to new SEC regulations. The new rule requires organizations to report any incident they “determine to be material and to describe the material aspects of the incident’s nature, scope, and timing, as well as its material impact or reasonably likely material impact” on the healthcare organization. These regulations certainly play a factor as, according to Splunk’s State of Security Report, healthcare respondents were more likely (67%) to say they were impacted by changing compliance mandates.

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