Out of nowhere, disaster strikes. You receive an ominous notice informing you that your computer system has been hijacked by hackers. In an instant, all of your patients’ medical records and personal information are inaccessible and compromised. Now, instead of treating patients, you’re dealing with cyber extortionists to try get your vital data back. Your practice comes to a grinding, embarrassing halt. Over the next several months you will deal with the fallout and cost. This sort of thing happens to other practices, not yours. Or so you thought…
In the first quarter of this year a ransomware attack hit a business every 40 seconds.
According to the 2019 Global State of the Channel Ransomware Report by Datto, small and medium-sized businesses are the prime target of these incidents. And their misfortune comes at an escalating cost. The report’s findings reveal that the average downtime cost for a ransomware attack is now up to $141,000, which is more than a 200 percent increase from the previous year.
Data Security and HIPAA Compliance Take a Team Effort
After digesting and pondering these facts, you might think to yourself: I have an IT provider who deals with this stuff so I’m good. This isn’t a surprising response. T Datto survey found that only 28 percent of small and medium-sized businesses are very concerned about the threat of ransomware. This is a reckless attitude on the part of an incredibly large segment of business owners and one they will likely come to regret.
IT providers perform data backup of your system and handle software updates, but they cannot fully protect your practice alone. PCIHIPAA offers services that IT providers don’t. Here are three critical ones:
- Cyber and Data Insurance: Smart healthcare providers view a cyberattack as probable, not possible. They take advantage of cyber insurance solutions. We protect your practice against costly disruptions and lost revenue in the event of a ransomware attack. This ensures your practice can continue to care for patients without interruption. PCIHIPAA also covers the costs of legal expenses, regulatory fines, and damages. Find out more about our coverage options here.
- Online Employee Training: We train your workforce on the policies and procedures pertaining to handling protected health information, as mandated by the HIPAA Privacy Rules. Having improperly trained employees who do not understand the intricacies of dealing with sensitive data can lead to costly HIPAA fines. Our training provides the peace of mind of knowing that your staff is complying with HIPAA law and keeping your patients’ data secure.
Guidance During A Data Breach: Disasters like ransomware attacks are chaotic and stressful events that test the strength and durability of any practice. Our incident response team will work hand-in-hand with you towards a quick, efficient, and less-costly resolution to the cyberattack.
- Right now is the perfect time to ensure that you have optimal protection in the event of a ransomware attack. In honor of National Cybersecurity Awareness Month, we’re offering a FREE HIPAA risk assessment. Get started now to protect your patients and practice.