BY VANESSA ORR It is imperative that healthcare companies carry cyber insurance; after all, protecting patients’ medical records is of the utmost importance. Unfortunately, as the threat of cyberattacks, including malware and ransomware increases, so do the rates for this essential coverage. “We are now seeing our healthcare clients face cyber insurance renewal rate increases

By Tom Murphy The current COVID-19 pandemic has accelerated the use of telemedicine. It has forced the sudden adoption of telemedicine by many medical practices and healthcare systems, accompanied by government and payer emergency measures that have helped to make telemedicine care easier. Most of these emergency measures will sunset, and while most physicians and

Jeffrey Smith-Cyber Risk Underwriters  Healthcare executives often ask us how best to minimize cyber risk without breaking the budget. Here are a few easy and cost effective tools we highly recommend to healthcare providers.  Most are available free of charge and require minimal expertise to implement.  Get Phished According to Verizon[1], email fraud accounts for

By Julie Danna – Last November I read an article on cyber attacks in healthcare that broke down the price of data on the black market. It estimated that a credit-card number is worth $1, a Social Security number is worth $3, and a medical record is worth $200. This really caught my attention and

By Tom Murphy Along with the evolution of electronic health records (EHR) comes the potentially expensive reality of data breaches and theft for all medical practices, both large and small. Many physicians and practice administrators still believe their practice is too small to be a target for hackers. Everything we have seen over the past