Cyber Insurance for Healthcare

Two-Thirds of Healthcare Organizations Hit by Ransomware – A Four-Year High, Survey Finds

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Healthcare organizations are facing a surge in ransomware attacks, with a string of high-profile incidents highlighting the vulnerabilities in the sector. From the attack on Ireland’s Health Service Executive in 2021 to the recent breach of Prospect Medical Holdings in the United States, cybercriminals continue to target healthcare providers, often disrupting patient care and risking … Read more

Which Sectors Have the Highest and Lowest Cyber Insurance Penetration? A Survey from Sophos Has Answers

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The energy, oil/gas and utilities sector has the highest level of cyber insurance coverage, with 97% of surveyed organizations reporting policies (most of them standalone.) The lowest adoption of cyber security coverage is found in the “Central/federal government” and IT, tech and telecom sectors. To be sure, even with the lowest penetration, these two sectors … Read more

Cyber Insurance Tailored to Industry & US State: North Dakota Hospitals Team with Security Firm and Insurance Carriers

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We’ve written extensively about the increasing cooperation and often fusion between cyber security services and cyber security insurance, plus the push to protect America’s healthcare sector. Cyber Insurance for Hospitals Casey Holland of Marsh emphasized the “bespoke” nature of the solution: “It’s a comprehensive approach to helping our hospitals combat cyber threats and provide a … Read more

CFC Enhances eHealth Insurance to Address Growing Cyber Risks in Healthcare

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In an era marked by an alarming rise in cyber attacks targeting the healthcare industry, CFC, an insurance provider with a focus on emerging risks and cyber security, has announced significant updates to its eHealth insurance solution. The healthcare sector, increasingly reliant on digital technologies for patient care, has become a prime target for cybercriminals, … Read more

Cyber Insurance Cost Savings: NIST Framework Adoption Reduces Premiums by 33% for Healthcare Organizations

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Censinet, alongside KLAS Research and other notable healthcare and cybersecurity organizations, unveiled the 2024 Healthcare Cybersecurity Benchmarking Study. This research, which saw participation from over 120 organizations, underscores a collective commitment to bolstering cybersecurity defenses within the healthcare sector. A standout revelation from the study highlights a significant financial incentive: organizations aligning with the NIST … Read more

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