Cyber security has reached the top of the list of short-term concerns for many of America’s healthcare providers recently. It’s due in no small part to the rise of ransomware attacks aimed at practically every kind of business in the sector. There has even been a rise in nursing home ransomware attacks, with some cyber thieves demanding as much as $14 million to release the important patient data held hostage on the network. Luckily, a good cyber security insurance policy should include robust ransomware protection.
The Anatomy of a Ransomware Strike
There are many kinds of cyber crime, and each is unique in the way the scam or theft is perpetrated. Ransomware attacks happen when an organization’s network is breached and the hackers manage to install a program that locks down access to the apps and information in the system. That program also gives the hackers remote control, at which point they demand a ransom or the system data gets deleted, sold to the highest bidder, or exposed on the open internet.
Protect Your Organization
Since healthcare organizations like nursing homes, clinics, and hospitals have sensitive patient information that in many cases supports live saving care, criminals view them as a target. If that information is deleted, the liability is possibly immense, but the damage from nursing home ransomware attacks could be even worse if the information is released. The right insurance protection not only provides for the damages in those cases, it could provide for the legal battle as well.