Cyber attacks – the modern threat to a practice – video

Cyber attacks are on the rise. Are you prepared?

Recent statistics show that there are over 560,000 cyber threats a day and 81% of them are targeted at small-to-medium-sized businesses.¹ What if your practice was victim of a cyber attack? Could it function without:
• Email & Website
• Patient Management System
• Online Payment Systems

What is a cyber attack?

A cyber attack is when a hacker gains entry into a computer system with the intent to destroy, decrypt, or steal data from that system.

What is a common outcome of a cyber attack?

The hacker will usually demand a ransom for the data, cause damage, or maliciously delete files and records. In some instances, a hacker may release data into the public domain. A cyber attack can cause significant damage to your practice’s reputation, put a temporary stop to processes (known as Business Interruption) and, if you are not insured for cyber attacks, leave you with a heavy financial burden.

Watch our video to find out why healthcare systems are vulnerable, examples of cyber attacks and what cyber insurance can do for you.

Why are healthcare practices a target for cyber attacks?

Healthcare systems are particularly vulnerable because they contain confidential patient data, and there is an urgency to pay the ransom and restore data. Practices are reliant on their reputation and technology, and use third-party software providers. A hacker will use this to their advantage.

Types of cyber attacks:

Ransom & Cyber Extortion
Data Breach
Human Error
Phishing
Invoice Fraud
Fraudulent Bank Transfer

What Cyber Insurance Does

Cyber Insurance provides a line of defence when a cyber attack cannot be prevented. This includes protecting your practice’s reputation, tracing the attack through IT forensics, and dealing with legal issues. Cyber Insurance through Lloyd & Whyte includes: