Why smaller medical providers are more vulnerable to ransomware — 5 takeaways

Smaller healthcare providers face a heightened risk of cyberattacks, according to the Wall Street Journal.

Five takeaways:

1. Smaller organizations typically don't have the resources to invest in "robust" security tools, said Jennifer Barr, a healthcare analyst at Moody's Corp. who spoke to the WSJ.

2. Small practices also may not have a dedicated cybersecurity specialist to monitor and protect systems, according to Ms. Barr.

3. Companies may have to replace equipment and rebuild files after a ransomware attack, which can be costly and time-consuming.

4. Linn Freedman, the head of Robinson & Cole's privacy and cybersecurity practice, told the WSJ that some small organizations don't have the financial resources to recover from a cyberattack. For instance, Battle Creek, Mich.-based Brookside ENT and Hearing Center permanently closed in April after a cyberattack.

5. In 2018, about 57 percent of U.S. medical practices had 10 or fewer physicians, according to American Medical Association data pulled by the WSJ. About 15 percent were run by independent practitioners.

More articles on turnarounds:
Surgeon ordered to pay $4.25M to resolve kickback & false billing claims
Proposed CMS Medicare rule signals new era of orthopedics
Where 3 ASCs are focusing budgets, attention for 2020

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months