The cybersecurity breach at Change Healthcare compromised the personal information of at least 100 million Americans, financially impacted 94% of hospitals and disrupted patient care. The breach emphasized the need for CFOs in all industries to view cybersecurity as a financial strategy cornerstone, and to understand digital dependencies within an organization’s revenue cycle and identify related vulnerabilities. CFOs should engage with C-suite members to create comprehensive cybersecurity strategies and recognize the importance of vendor risks.
NCSA Plans Cyber Fraud Insurance Framework
The National Cyber Security Agency (NCSA) is working on a framework for cyber fraud insurance to help manage risks linked to cyberattacks and data breaches.
