Guide to a Proactive Healthcare Cybersecurity Stance

The following is a guest article by Troy Hawes, Managing Director at Moss Adams The recent cybersecurity attack against Change Healthcare caused dramatic disruptions to one of the nation’s largest prescription processors.  On the morning of February 21, 2024, a ransom group, BlackCat, directed a cyberattack at Change Healthcare, owned by healthcare conglomerate UnitedHealth. The attack kept Change Healthcare’s systems down for three weeks, even prompting the Department of Health and Human Services (HHS) to deploy accelerated payments and loan programs for healthcare organizations affected by the attack, akin to the support deployed during the pandemic. The attack sparked a long overdue conversation about how organizations in the healthcare industry are financially impacted by these attacks, what these attacks can look like, and how to be proactive against them. The Cost of a Cybersecurity Breach Cybersecurity at its core is a way to protect valuable data and personal identifiable information (PII), such as credit card information, social security numbers, tax records, and more. For a healthcare entity, the data and information are viewed as extremely valuable as it includes PII as well as other health information that can be used for insurance fraud and identity theft.  Consequently, the healthcare industry has a large target on their backs as the data housed by health organizations is extremely valuable for malicious actors. The data is also necessary in order to maint...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: AI/Machine Learning Ambulatory Health IT Company Healthcare IT Hospital - Health System LTPAC Security and Privacy AI Cybersecurity AI-Based Cyberattacks Data Breach Healthcare Cybersecurity Healthcare Ransomware Attacks Moss Adams Source Type: blogs