Focus on the healthcare sector
As more organizations shift to remote work in light of the COVID-19 pandemic, cybersecurity has become top of mind for companies across all industries. A newly remote world has increased organizations’ reliance on digital records, controls and technologies, making them rich targets for ransomware attacks.
Healthcare businesses, like those in other high-risk sectors, are coming to appreciate the need for greater investment in data governance, risk management and compliance programs.
In this alert, we review recent trends and costs associated with cyberattacks and analyze how organizations can implement strategies for reducing cyber-risk.
Global costs of data breaches are on the rise
A study published this summer by the Ponemon Institute and sponsored and analyzed by IBM Security, which combined results across 17 industries, including 537 organizations from 17 countries and regions, highlighted that the global average total cost of a data breach is $4.24 million. The report concluded that the industries with the highest average data breach costs are the healthcare, financial services, pharmaceutical, technology and energy industries. For the past…
