Resource:
CyberSecurity by Chubb for Health Care Organizations
Even if your organization uses state-of-the-art data-security controls, your assets may still be at risk.
Know-how when you need it. Broad protection to help keep you covered. Doing more to shield you from the risk of data security breaches.
With more efficiency and reliance on data also comes more risk—leaving your organization vulnerable to cyber security threats. That means you could face significant out-of-pocket and reputational costs that can devastate your organization’s bottom line. That’s why we created CyberSecurity by ChubbSM for health care organizations.
Why does your organization need cyber insurance?
- Stealthy external hacking of health care organization computer networks causes the majority of personal health information (PHI) data breaches today.1
- Any health care organization can be at risk under the Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009 or associated state laws. In fact, health care organizations account for more than 40% of all data security breaches reported across all industry segments nationwide.2
- Health care organizations face heightened regulatory scrutiny, increasing the scope of fines and penalties for health care data breaches.
Cyber risks your organization may face:
- Identity theft resulting from lost or stolen PHI from medical records, Social Security or credit card numbers, driver’s licenses or financial information.
- Costly e-vandalism.
- Federal and state government lawsuits and investigations concerning PHI security breaches.
- Class-action claims resulting from breaches in your PHI data.
- E-business interruption due to a security failure or an Internet virus.
- Cyber extortion threats.
- Costs related to privacy notification, crisis management and disaster recovery.
Download the flyer today to learn about this solution.