Pandemic Fallout: Healthcare Sector Targeted for Cybercrime

March 23, 2021

A recent report of 2020 cybercrimes found that healthcare made up a quarter of all publicly disclosed security breaches with nearly 8 million records exposed. The most popular method of attack was ransomware, which was used in almost half of all breaches.
Hackers are taking advantage of the pandemic by using COVID-19 information “as the lure for office staffers to click on links that install malware,” according to the cover story in the March issue of Medical Economics. The cyber criminals create emails that look like they are coming from health departments.
ISMIE Mutual has encouraged policyholders to follow cybersecurity best practices. Did you know that your policy includes solid cyber liability coverage to protect you in the event of a claim, with higher limit coverage available
We also offer a comprehensive resource on cybersecurity, containing valuable information to help policyholders develop and implement policies and procedures to protect against attacks. Key strategies include making sure you have current encrypted backups of all critical data stored offline or in separated networks, and having a well-rehearsed crisis response plan in case your systems (including email and VoIP-based phone systems) are compromised.
If you have any questions, please send an email to the Risk Management team.
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