The estimated annual cost of cyber-attacks on the healthcare industry is $7 billion in the US alone, and growing. And at the same time, HIPPA regulatory fines for privacy violations have reached $2 million for a single organization.
Given these soaring operational and reputational burdens, health care executives can no longer continue to ‘accept’ cyber risk. Hospitals and other healthcare organizations can significantly reduce the cost of their cyber incidents and compliance by implementing a risk management solution adapted for the unique needs and regulatory environment in the healthcare market.
For more detailed information, download the paper on WCK GRC for the Healthcare Industry