The Importance of Cyber Security in Healthcare
Cyber risk in healthcare has increased dramatically – in part due to the expanding ecosystem of technology providers that healthcare organizations rely on.
According to HealthITSecurity, in 2022 more than 590 organizations reported healthcare data breaches to the Department of Health and Human Services that impacted upwards of 48 million individuals. Moreover, third-party vendors with access to protected health information (PHI) were responsible for most of the ten biggest data breaches.
But a lack of resources and scalable methods to assess and mitigate third-party risk means healthcare companies often engage with vendors without adequate due diligence or risk assessments. This exposes the health organizations and their patients to risks.
In this blog, we explore the criticality of healthcare vendor risk management (VRM), the risks that healthcare organizations must address, and how they can overcome common challenges.
Healthcare Vendor Risk Management
The delivery of medical services requires the involvement of hundreds if not thousands of technology providers and third parties. Many of these…
