It’s been a decade since the National Institute of Standards and Technology (NIST) started developing its Cybersecurity Framework (CSF), which became a “best practices” standard for cyber security.
Now the 2024 Healthcare Cybersecurity Benchmarking Study indicates that healthcare enterprises which have implemented the CSF see benefits in their cyber security insurance costs (which increased by 6% for firms with CSF, versus 18% for those without). While the survey shows correlation and does prove the CSF itself is the key factor (organizations that use the CSF likely have a higher overall focus on cyber security across many dimensions than those that don’t), and the number of survey respondents is limited, this is good news for the folks at NIST who’ve been pushing cyber security standards for many years.
The survey comes from Censinet and KLAS Research, working with the American Hospital Association, Health Information and Analysis Center (Health-ISAC) and Healthcare and Public Health Sector Coordinating Council.
Other News: Cyber Insurance Market Surges Amid Escalating Cybersecurity Threats – Report(Opens in a new browser tab)