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Top Industry for Cybersecurity Attacks and Data Breaches: Healthcare

Healthcare again led all industries in cybersecurity breaches in 2018, claiming a quarter of the more than 750 incidents reported, according to BakerHostetler’s latest Data Security Incident Response Report.

Social Security numbers were the most at risk at 37%.  Health information was the second most at-risk type of data in cyber incidents, making up fully a third of potentially compromised records. More than half (55%) of all incidents involved insider error or activity, according to the report.

In an analysis of 1,138 breach cases that occurred between 2009 and 2017, 53% originated inside the organization.

In this new report, phishing attacks were the leading cause of breaches, accounting for 37% across all industries. Network intrusions were close behind at 30%, with unpatched servers and remote desktop connections providing easy points of entry.

Once cybercriminals penetrate a system, their next steps most often involve accessing an Office 365 account (34%), roaming the network for available data (30%), installing ransomware (12%) or securing a wire transfer to the attacker’s account (8%), according to the report.

For ransomware victims, the report offers some sobering news: Nearly one in 10 times (9%) that a ransom was paid, no decryption key was received. The average ransom paid last year was $28,920.

For a more detailed look, visit Healthcare Dive

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HCCA, publishers of the Colorado Managed Care Newsletter, began reporting on the financing of healthcare in Colorado in December of 1983. As we begin our 35th year, we are grateful for the opportunity to be one of your sources of information in this ever-changing, healthcare market.