By Ken Lynch, founder and CEO, Reciprocity Labs.
For decades now, hackers have been cashing in on financial data. The routine has been constant. A hacker finds their way into a site, steals financial information belonging to the site’s visitors then uses their personal information to create fake credit cards. These are then used to steal money from unsuspecting individuals. However, this trend hit a snag once financial institutions found ways of stopping such activities. This was frustrating to these intruders considering that most times, their efforts were rendered futile after the cards they made are blocked.
These people then discovered a new cash cow that allows them to reap money from insurance companies. Typically, hackers get as little as $1 for one credit card, which is a meager payment for such a dangerous job. However, healthcare information pays well in that they create counterfeit health insurance cards, then make cash claims in fabricated hospitals. Considering that the demand for this data is high, healthcare data attacks have been on the rise, targeting several hospitals, and they have managed to affect over 11 million people.
How do you keep your data safe from these online breaches?
With such high stakes, each hospital needs to come up with security measures that ensure their data is always safe. Look at some of the possible ways you can secure your information.
Asses the risks
You cannot solve a problem if you are not aware that it even exists in the first place. Check for loopholes that leave your hospital vulnerable to these attacks. For instance, a hospital with few employees leaves specific sectors such as the IT section unmanned, which makes them susceptible to being attacked. You must approach this by looking at the most sensitive areas of a company and find out the consequences that you may face if your data is stolen.
Appraise all agreement with business partners, vendors and client every year
Know the type of information that the people and entities you interact with access. Learn what your contract entails and review the speculations regularly. Long before new laws were formed, third-party companies never had any agreements with any of their partners. Whenever they got a hold of information, it was up to them to know what they wanted to do with such intel. In this era, such loopholes can lead to massive scandals, which is why you need to evaluate every past action and put stringent measures to ensure anyone who encounters sensitive information knows the implications of going against the agreement. Do not give a lot of authority to vendors and ensure that they sign privacy policies that bar them from sharing or using private data.