It is a known fact that hackers target the healthcare sector because the data is so valuable. The cost of healthcare data breaches increased from a total average of $7.13M in 2020 to $9.23M in 2021. The average breach cost rose $1.07M for those who had remote access. Organizations in the U.S. has lost $2.4B to business email scams. They have estimated that cybercrime topped $6T worldwide.
So, how do hackers get in and what can you do to protect yourself?
Remember, there isn’t ONE magic setting to protect you from all threats, it takes layers of security!
Organizations must have solid network security in place. Firewalls are a necessity in today’s world. You can set specific parameters to ensure employees can go where they need to, and block where they do not. You can also set security policies that block other countries.
Utilizing real-time anti-virus and anti-malware software also helps. This won’t help if an employee clicks on a link or picks up malware on the internet unless the system alerts the user BEFORE they click! For example, if an employee is surfing the web (and no they should not surf on a work computer), and they visit a website that has been infected, your anti-virus / anti-malware software should alert you with a warning.
Although there are brut attacks, but most hackers come in via through a phishing attempt. Often, an employee makes a simple mistake like clicking on a link or an attachment in an email. Even though I talk about this ALL the time and say NEVER do this…people still do.
Email scammers use several ways to trick employees to gain access to information. Including getting employees to send wire transfers, send a list of employee’s social security numbers, or to make purchases they are not aware of. Alan Suderman at Fortune cited a case where thieves hacked the email account of the organization’s bookkeeper, then inserted themselves into a long email thread, sent messages asking to change the wire payment instructions for a grant recipient, and made off with $650,000.
You think this can’t happen to you, but I know of a practice that someone hacked an email account and changed the bank information for payments from an insurance carrier, they lost about $100K.
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Sunday, May 15, 2022