Cybersecurity Awareness Month – Breach Costs in Healthcare

All Breaches are Costly, but Few More than in Healthcare

Healthcare providers have been working hard to protect our electronic records ever since electronic records came to be. Hackers are bound and determined to steal these records for the incredible value they maintain on the dark web when sold.  You see, health records cannot be changed and reissued.  What you have is what you have.  Once stolen, they are “out there” on the dark web.  You cannot delete them and start over, request a reissuance of your records, or recover them from hackers.  What they contain makes them extremely valuable on the dark web as explained yesterday in CyberHoot’s blog on Data Value.

To tip the scales in your favor against the increasingly sophisticated and numerous attacks on your critical and sensitive data (including healthcare records), consider signing up with CyberHoot and implementing the best practices shown below.

CyberHoot Best practices:

1. Train your employees on the common attacks that are out there.  From weak passwords and password managers, to the importance of multi-factor authentication and how to spot phishing attacks.  Awareness is the key to defending your business.
2. Govern you employees with cybersecurity policies including Acceptable Use, Password, Information Handling and a Written Information Security Policy.
3. Establish cybersecurity best practice processes such as a Vulnerability Alert Management Process (VAMP) and a Cybersecurity Incident Management Process (CIMP) to guide and require action in the face of an emergency.  Then move on onboarding and offboarding processes, SaaS management processes, and 3rd party risk management.
4. Establish strong technical protections including: a Firewall, antivirus, anti-malware, anti-spam, multi-factor authentication on all critical accounts,  Enable full disk encryption, manage the keys carefully, and most importantly, adopt, train on and require all employees to use a Password Manager.
5. Test employees on how to spot and avoid phishing attacks.  CyberHoot has released a disruptive method of Phish Testing the fills in gaps in your employees knowledge without punishing them for failure.  Instead we reward them for success.  More info is available here.
6. Backup your data by following our 3-2-1 Backup methodology to ensure you can recover your business from a cybersecurity event.
7. In the modern Work-from-Home era, make sure you’re managing personal devices connecting to your network by validating their security (patching, antivirus, DNS protections) or prohibiting their use entirely.
8. If you haven’t had a risk assessment by a 3rd party in the last 2 years, you should have one now. Establishing a risk management framework in your organization is critical to addressing your most egregious risks with your finite time and money.
9. Buy Cyber-Insurance to protect you in a catastrophic failure situation. Cyber-Insurance is no different than Car, Fire, Flood, or Life insurance. It’s there when you need it most.

CyberHoot believes that for many small to medium sized businesses and MSPs, you can greatly improve your defenses and chances of not becoming another victim of cyberattack if you follow the advice above.