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Managing Cyber Risks in Medical Practices

By Kevin Quinley

In an ad for a major commercial insurer, a gloved figure in a hooded sweatshirt sits before an office computer keyboard, mask pulled over his face. The photo caption reads, “When a cyber attack puts your name in the headlines, the last thing you should be worrying about is whether your insurer has less than stellar coverage.”

We often associate cyber-risks with financial institutions, like banks, insurance companies and credit card firms, but while the financial sector certainly does deal with cyber-risks, it is by no means the only industry facing such woes. Health care providers are also vulnerable to cyber-liability risks. In fact, according to Tom Kellerman, chief executive of Strategy Cyber Ventures, “The most exploitable industry in the world is the health care sector,” and it doesn't help, he says, that the health care industry is chronically hobbled by regulation and by inadequate investment in computer security. Washington Post, 5/13/17, “Ransomware Attacks Cripple Tens of Thousands of Systems,” p. A11.

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