Healthcare sector data breaches pose a significant threat to small to mid-sized private medical practices due to their limited resources. These breaches can severely impact patient trust and care, while also incurring heavy costs in the form of fines, legal fees and operational disruptions. A potential solution is captive insurance – a risk management strategy which allows these practices to tailor policies to cover their specific data privacy and cybersecurity needs, thus reducing their financial exposure.
Blue Shield of California members may have had their data exposed in a November data breach. Information included member names, dates of birth, addresses, subscriber