Items tagged with Cyber Attacks
How much does a ransomware or data breach attack affect hospital services? A recent study determined that hospitals who had been hit by a cyber attack witnessed increased death rates among patients with heart issues. Cyber attacks and the remediations that follow frequently increase the amount of time a patient waits to be treated or to receive test results. Researchers at Vanderbilt University’s Owen Graduate School of Management examined more than 3,000 Medicare-certified hospitals in the United States. Roughly 300 of these hospitals had experienced ransomware and other attacks between 2012 and 2016. The researchers not only studied what happened to patients during the cyber attacks,...
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As Target, Home Depot, and JP Morgan Chase have recently discovered, cyber attacks are tough to fend off, and extremely costly. Enter Tom Ridge, the former Secretary of Homeland Security, with a new insurance product aimed at businesses worried about the financial devastation a successful hacker can wreak. Former Secretary of Homeland Security Tom Ridge Ridge Insurance is offering cyber crime insurance policies of $50 million to small and medium-sized businesses. A typical policy may cover both the financial damage done (like damage caused by the hit to a company’s reputation) and the expense involved in cleaning up the mess from a cyber attack, like alerting customers. Ridge Insurance...
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