Cybersecurity needs to be a priority for your business. This is true regardless of the level of technology in your organization or the size of your IT department. Cyberattacks are becoming more common as time goes on, because technology is improving and expanding. Global access to the Internet also puts everything your business has to offer at risk. A person’s health can involve some of the most private and sensitive information. This means that your patients, employees, and organization are at risk whenever there is a data breach or a cybersecurity threat to the healthcare sector.
The most serious healthcare cybersecurity risk is the leak of a patient’s personal information. While no one wants this to happen, the implications of correcting it are equally challenging. A strong cybersecurity presence and operating system can be simple, effective, and within your reach.
Challenges and Regulations Regarding Cybersecurity
Before we go any further, it is important that you understand why your healthcare company needs a strong cybersecurity presence. Healthcare is increasingly tech-dominated in the United States, and many organizations have transitioned to electronic systems to store, manage, and exchange patient information. The American healthcare system is no stranger to legal and regulatory challenges, so adding IT and cybersecurity can make that even more daunting. However, being vulnerable to cyber-attacks and patient data breaches should scare you more. Investing in healthcare cybersecurity can prevent all of these problems. For organizations that still rely on paper records rather than electronic records, understanding how to protect any technical information can also help in the transition to more electronically focused systems.
On top of increasing technology use, the COVID-19 pandemic has changed the American healthcare system by making providers and patients rely on technological access to the system for almost all care. From telehealth appointments to virtual records and patient portals, life is so much easier when some people do not have to physically transport themselves somewhere for a doctor’s visit or a medical document. So, even if your company is not focused on technology, you probably were impacted in some way because of the pandemic to accommodate the virus’ spread and seeing patients. No matter how we choose to store information and communicate with clients, these changes are here to stay.
Different Types of Cybersecurity Attacks
It is also important to be aware of the types of cyberattacks your company may be prone to, just in case you don’t know what could happen to your online information:
- System intrusions or interference
- Information leaks
- Website attacks
- Spam emails or calls pretending to be your company
- Financial discrepancies
- Medical errors
Benefits of Investing in Healthcare Cybersecurity
Fortunately, there is a workable solution that can safeguard your business and important data. Now let’s focus on why investing in healthcare cybersecurity will be good for your business:
By investing in a cybersecurity service, you ease the workload for your own team and enable them to concentrate on other important matters. This ensures that your business is both productive and secure.
Different Ways That Cybersecurity Can Help Your Organization
- Investing in cybersecurity is projected to increase, so being at the forefront of this technology and support will put you ahead of competitors. In fact, “Between 2020 and 2025, cybersecurity spending by healthcare providers and payors is forecast to grow at a compound annual growth rate (CAGR) of 8.1% from $4.59bn to $6.77bn. In the same period, cybersecurity spending by pharma will grow at a slightly lower rate, 7.4%, from $2.1bn to $3bn. Medical device spending will grow at a rate of 7.3% from $869m to $1.2bn.” It is important that you start securing your business with an effective cybersecurity.
- Healthcare cybersecurity is not specific to one type of organization. Along with medical providers and hospitals, there are a variety of healthcare businesses, including insurance, pharmaceutical, medical devices, and biotechnology companies, that can all benefit from investing in cybersecurity.
- Cybersecurity encompasses general security protections and also protects against ransomware, privacy, data access, and more. Thus, you get the entire package for complete protection!
- You receive expert and efficient results. If something were to happen as a security threat or risk, it would be immediately detected and resolved. If you rely on a team member with other responsibilities to monitor for risks, it may not be caught or dealt with in time, and the consequences could be dire.
- By making an investment in cybersecurity services, you can also be sure that your business is complying with all state and federal regulations. HIPAA is a big one, and you do not want to experience an attack that puts your company in violation of someone’s HIPAA rights.
- Cybersecurity also prevents medical errors in the system from existing due to malware or cyberattacks. You don’t have to worry about your system being a target or or unsafe.
- Improved patient care! An investment in cybersecurity is a commitment to your company’s future and the well-being of your patients, showing you care about their information and privacy.
- An initial investment saves you money in the long run. Paying for security threats and damage is way more costly than you think.
Emeritus is Your Cybersecurity Solution
The use of technology is an effective and efficient process for hospitals and healthcare facilities. No matter where you are in your process or level of technology, Emeritus has experts ready to assist you and your healthcare organization. Learn more about the solutions we offer including clinical engineering and IT management to start focusing on other factors of your business. We prioritize your cybersecurity needs and ensure everything is done timely and accurately. Therefore, when you invest in us, you also invest in trust and loyalty.
Contact us today to start protecting your organization.