3:33 min. The cost of a cyber or ransomware attack adds up quickly when it involves a data breach. Avoid an attack with preventative tips at www.thedoctors.com/cybersecurity.
This video explains the various costs associated with a healthcare data breach, including investigation costs and response costs.
Response costs encompass several components:
• Securing outside legal counsel with experience in data breach response.
• Hiring an IT forensic provider.
• Notifying individuals affected by the breach, usually via mail.
• Hiring staff to respond to questions.
• Providing a remedy for affected individuals, such as credit monitoring.
Costs can quickly escalate to hundreds of thousands of dollars, or even millions of dollars. The hefty price tag makes it imperative to guard vigilantly against a breach.
The Doctors Company relentlessly defends and protects physicians from medical malpractice claims and emerging risks in today’s changing healthcare environment. We worked in concert with Paul G. Nikhinson, Esq., CIPP/US, CIPP/E, of Beazley Breach Response to develop in-depth insight to protect you and your practice from the risk of a data breach or cyber attack.
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