The healthcare industry has silent security vulnerabilities with its third-party supply chain. Lately, healthcare organizations have been under the microscope for more than just the ever-evolving Covid -19 virus. They have been the prime target for ransomware attacks. High-profile healthcare organizations’ ransomware attacks have impacted the industry across the world. These attacks have been part of a greater global increase in ransomware crime. In addition to a surge in security challenges due to the disruptions caused by the COVID-19 epidemic. The latest data breach report by IBM and the Ponemon Institute shows the cost of a data breach in 2021 in the United States was 4.24 million, a 10% rise from the average cost in 2019 which was $3.86 million.
For 11 consecutive years, the healthcare industry is paying the most for data breaches. The average cost increased by 29.3% from $7.13 million in 2020 to $9.23 million in 2021. According to David Bisson of Graham Cluley Security News,” in a 2021 survey conducted of 597 health delivery organizations (HDOs), 42% had faced two ransomware attacks in the past couple of years. Over a third (36%) attributed those ransomware incidents to a third party”. All healthcare entities must work to meet HIPAA compliance using a trusted and experienced cyber security firm. THA Security specializes in working with small to medium-sized Covered Entities (CE) and Business Associates (BA) to meet HIPAA compliance requirements. THA security services are a great place to start your path to compliance.