HSCC Launches New Health Industry Cybersecurity Matrix

HSCC Launches New Health Industry Cybersecurity Matrix

Cybersecurity issues have gained a spot in the global spotlight in recent years through a mix of major data breaches and social media hacks. And while this growing concern has shed light on the importance of keeping your sensitive information as safe and secure as possible, it also highlights another major fact: hackers will aim their efforts at any industry.

While banks, celebrities, and entertainment companies have made headlines by seeing their sensitive networks infiltrated and finances impacted by cyberattacks, other sectors, like the healthcare industry, have also discovered that they’re not immune to attacks. To combat this, America’s Healthcare and Public Health Sector Coordinating Council (HSCC) has recently launched an information-sharing resource meant to bolster cybersecurity in the sector.

Sharing is Caring

The new Health Industry Cybersecurity Matrix of Information Sharing Organizations (HIC-MISO) offers guidance to healthcare industry providers to stay on top of the latest security threats facing them. This is done by providing a convenient list of cybersecurity information-sharing organizations across the country.

The goal is to give healthcare providers insight into groups that support information sharing and methods to take advantage of these resources while also highlighting the importance of sharing information. Featured in the new matrix are details of more than 25 cybersecurity information-sharing organizations and their services, such as those focused specifically on the healthcare industry and the security of medical devices.

The listings include a description of the organization and details about any areas of cybersecurity specialization and how much they charge for what information is shared. A goal of the new service is to understand the importance of cybersecurity information sharing and cyber threats facing providers today.

According to a report from Radware, the average healthcare organization spent $1.4 million to recover from a cyberattack. Though slightly lower than other industries ($1.67 million), it’s a statistic that has seen major growth.

Going Small

While cyberattacks don’t discriminate when it comes to targets, hitting large organizations as much as smaller ones, small healthcare organizations should be more inclined to take advantage of resources like this. Since smaller organizations may lack the funding and resources to implement a first-rate cybersecurity outline, engaging with cybersecurity information sharing can help fill a gap.

No matter the size of the healthcare organization, resources like cybersecurity insurance are available to provide financial protection for companies when a cyberattack hits. Since the cost of a single attack soars past $1 million on average, as noted above, not having healthcare cybersecurity protection to restore funds and operations could possibly shutter a company.

About Connected Risk Solutions

At Connected Risk Solutions, we use our expertise and experience to provide insurance information and programs to those who serve long-term care and senior living facilities. Since 2007, we’ve been offering insurance and risk management plans designed to help our agents give their clients the ability to achieve continued growth while simultaneously protecting against loss, containing costs and increasing profitability. To learn more, contact us at (877) 890-9301.

About Connected Risk Solutions

At Connected Risk Solutions, we provide our agent partners with bold solutions for comprehensive insurance and risk management that are unmatched in the industry. We have market connections and collective decades of industry experience, including deep specialization in healthcare liability and managed care E&O, cyber and tech liability, management and professional liability, as well as captive management and risk management. We strive to develop creative solutions no other wholesaler can match and to help our agent partners give their clients the ability to achieve continued growth while simultaneously protecting against loss.

Our specialists, located in offices throughout the country, are responsive and engaged. To learn more, connect with us.

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