Helping healthcare organizations fill the coverage holes

More than 50 percent of companies in the United States reported unauthorized use of computer systems last year with more than 60 percent reporting Web site incidents and attacks. Each incident exceeded $150,000 in average cost, with many losses spiking into the millions.

They included computer viruses, laptop theft, insider abuse, unauthorized access, theft of proprietary information, wireless network abuse and financial and telecom fraud.

The unavoidable reliance on the Internet and complex networks creates increased exposures for healthcare organizations. Hylant Group is experienced in identifying cyber liabilities unique to each healthcare organization and developing plans that fit with existing insurance to help close the coverage gaps.

Recent state and federal legislation regarding healthcare information privacy has made this exposure even more acute. HIPAA violations carry fines in excess of $250,000 with possible prison terms.

Corporate board members could find themselves defending lawsuits for allegations of fiduciary breaches by not properly protecting the organization from financial harm caused by cyber-related incidents and HIPAA violations.

To learn how reducing cyber-related risks can better protect your organization, contact Steve Bogart.

Steve.Bogart@hylant.com
419 259-6028
800 249-5268

Cyber liability exposure

Hylant Group is experienced in identifying unique cyber liabilities

Healthcare executives are increasingly more liable for security lapses

Fines and costs can reach into the millions, including prison for executives

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