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Healthcare’s number one financial issue is cybersecurity

Cyber attacks are costing the healthcare industry billions annually, with hospitals and insurers being particularly affected. In addition to the financial burdens of addressing breaches and settling complaints, fines from the Department of Health and Human Services Office of Civil Rights further compound the issue. The healthcare sector has been slower to implement security measures compared to other industries. Measures recommended to mitigate breaches include conducting risk assessments, investing in cybersecurity measures, and purchasing cyber insurance. The healthcare industry must prioritize cybersecurity efforts to protect patient information and avoid costly repercussions.

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