Is it a case of better late than never? The Department of Health and Human Services (HHS) recently announced it would continue its concerted effort based on a U.S. federal government mandate to utilize more cloud services in its IT environment.
Recent studies find companies that incorporate Security Information Events Monitoring/Management and Security Operations Center solutions as part of their cybersecurity portfolio save nearly $2 million with a 23 percent return on investment. Consequently, many organizations deploying these tools expect that they will resolve their IT service problems and stop cyberattacks.
Highly visible breaches and attacks have brought an intense focus on organizations’ incident detection, investigation, and mitigation capabilities. Just increasing security spending, however, does not guarantee more protection. Achieving the goal of better security depends on how that budget is allocated; what people, procedures and infrastructure are put into place; and how the security program is managed and optimized over the long term.
The year 2017 is critical for cybersecurity. Cyberattacks continue to increase in scope and complexity, with the number of data breach disclosures jumping 40 percent in 2016. The moment a company thinks it plugged a security gap, creative hackers have consistently proven they are able to exploit other weaknesses quickly.
Businesses are waking up to the sobering fact that they must beef up spend and resources to create a better cybersecurity strategy. Unfortunately, there’s a tremendous shortage of cybersecurity professionals in the job market today who could execute those strategies. Clearly supply is woefully behind demand, forcing businesses to make the difficult decision as to whether to strike out on their own to build an in-house Security Operations Center (SOC) or work with a third-party managed security services provider to safeguard their company.
All of us here at US Cyber Vault have been preparing for HIMSS 2017, the largest healthcare IT show in America. We’re excited that in just a few days it will finally be here!
US Cyber Vault is a leading sponsor of the Cyber Security Command Center at HIMSS 2017 in Orlando, FL - Feb 19-23 both in the Cybersecurity Command Center at Kiosk 376-13 and in our own flagship booth 487 right next to the Command Center.
During a time of great innovation in many industries, unfortunately one of the biggest developments in 2016 in the healthcare industry was the rise of cyberattacks – costing the industry approximately $6 billion. While many healthcare it companies want to point to the rise of electronic medical records as a point of innovative pride, it was also a flashpoint for hackers. It's the unintended consequence of ditching paper records for electronic, on in-house systems or in the cloud. It’s easier to steal or compromise a greater number of records at one time when they're digital.
We saw ransomware attacks rear their ugly head within healthcare companies in 2016, and this year looks as though those threats will only increase. According to a recent report from the U.S. Government, there were nearly 4,000 ransomware attacks each day in 2016, quadruple the amount reported in 2015.
The threat landscape for all industries is constantly evolving – and healthcare is no exception. In 2016, we saw an increase in ransomware attacks paralyzing hospitals through their computer systems, not allowing them to properly treat patients until they paid bounties to hackers threatening to steal their protected health information.
While there are clear trends shaping the future of healthcare IT, there’s no way to fully predict the future. There will always be unknown variables threatening to destroy even the best laid plans. So what can you do? Instead of shrinking in fear, take these five steps to prepare for the unknown in cybersecurity.
Part of any good security service, however, is ensuring you have the right communication systems in place should the inevitable happen. You need to quickly understand where the data breach occurred, which information was compromised, how quickly it was detected, and what you are doing to mitigate ex-filtration of your data (information getting into the wrong hands used for nefarious purposes).
This means cybersecurity is not just an IT problem or information security problem – it’s also a business problem that goes to the highest levels of your management team.
After IBM declared 2015 the year of the healthcare data breach, was 2016 the year we finally turned the corner and made headway against hackers in the cyberwar for individuals’ protected health information?
Unfortunately, that was not the case. While there wasn’t a high-profile breach such as Anthem Health with which to contend, there were still plenty of successful cyberattacks stealing millions of individuals’ personally identifiable information (PII) and protected health information (PHI).
As we continue to wage the cyber battle in 2017, it’s important to take stock at what happened in order to prepare for a safer future. Those who do not remember the past are condemned to repeat it. Let’s take a look at 10 of the biggest healthcare data breaches in 2016.
Just days away from the New Year, it’s clear that 2017 will be a critical year for cybersecurity. Last week, I shared my top 2016 takeaways in the cybersecurity world, and it’s clear that attacks are only increasing in scope and complexity. The moment a company thinks it has plugged a security gap, a creative hacker finds another one and quickly exploits it. Why? Hackers are following the money trail.
As we rapidly approach the end of 2016, it was a year to forget for many businesses’ cybersecurity programs. The number, frequency, and impact of cyberattacks continued to increase around the world, leaving many companies to face the harsh reality that it’s a matter of when – not if – they will be hacked.