Insureon Blog

Allied Health Professionals: Why Your Data Isn't Safe

24. July 2014 08:15

two doctors with a tablet

Healthcare professionals are less prepared for a cyber attack than any other industry. As reported on the FierceHealthIT website, experts believe that the healthcare industry is more vulnerable to attacks than even retail or financial services industries. Why? Because more and more healthcare professionals are switching to electronic records without taking the data security measures to keep those records safe.

This news is particularly troubling because, as you well know, healthcare professionals have HIPAA and HITECH laws to contend with. When you violate these regulations, you’re penalized with heavy fines, making a healthcare data breach more expensive than standard breaches. (For more information, check out our other posts on HIPAA data breaches.)

What Do Hackers Want with Health Records Anyway?

Hackers don’t steal information for the fun of it – they steal to make money. The whole point of breaking into a business’s network is to find valuable information (names, credit card numbers, etc.) to sell on the black market. Other criminals then pay for this information in the hopes that they “steal” someone’s identity to make purchases or pilfer from their bank accounts.

What does this have to do with health records? A complete health record contains information that makes it easier for a criminal to assume the victim’s identity. As FierceHealthIT notes, an average data record can sell for about a buck on the black market. But a medical record with a “complete identity profile” can sell for $500.

In other words, hackers have more incentive to break into a healthcare professional’s network. And many healthcare professionals are making it easy. According to the article…

So what can a healthcare professional do?

How Allied Health Professionals Can Combat Cyber Criminals

How can you make your healthcare business a less desirable target for hackers? Unfortunately, there is no getting rid of your valuable health records. That means you have to do all that you can to protect those records and secure your network. These tips can help:

Unfortunately, there are no guarantees when it comes to data security. You can take all the proper preventative measures and still be breached. That’s why Healthcare Cyber Liability Insurance was invented. It helps you pay for the expenses of your data breach response. This may include reimbursement for lost profits, customer outreach, credit-monitoring services, damage-control marketing campaigns, and more.

To learn more about your insurance options, contact an agent that specializes in healthcare small business insurance at 1-800-688-1984

how is your business exposed

Tags:

Allied Health Insurance | Cyber Risk Insurance | Data Breach | HIPAA | Risk Management | Small Business Risk Management

Permalink | Comments (0)