It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently – Warren Buffet
The reality is that for anyone in the healthcare industry, it has become not a matter of if, but rather a matter of when they will have breach. In the first quarter of 2018 alone, more than 1.3M records were exposed in 110 separate healthcare breaches.
Many organizations struggle to bring attention to the issue of cyber risk management – that is, until it’s too late. When a healthcare provider reports a breach to the Office for Civil Rights, it must involve its General Counsel, notify the Board, and divert focus of its leadership team. The organization may ultimately pay a civil fine, and it might even be listed on OCR’s Wall of Shame. The breach is all over the news, the organization’s reputation is damaged, and patients go elsewhere. If cyber risk management was not a strategic priority previously, it certainly will become one after a breach.
On the other hand, healthcare organizations that do manage risk right, do more than just check a box.
- They make responsible decisions that secure their organization, protect patient information and promote patient safety.
- Additionally, by knowing where their most critical risks lie, they allocate their budgets more efficiently and effectively.
- Some of these organizations are already leveraging information generated from their cyber risk management program to lower insurance premiums.
Quite a difference from the first scenario!
This 60-min webinar is not a nuts and bolts discussion of malware, firewalls and black hat hackers, nor is it a lawyer’s paragraph by subparagraph deep dive into the regulations. Rather, it is a strategic, executive presentation on what you should know about getting your organization on track to manage the ever-changing cyber risk landscape.
By attending this presentation, attendees will learn about:
OCR expectations for risk analysis and risk management
Why cyber risk management should be a top agenda item at the Board meeting
Critical building blocks of an information/cyber risk management program
The benefits of adopting an enterprise cyber risk management system
The executive leadership’s role in managing cyber risk
Putting your cyber risk management plan into action