The value of stolen medical records on the black market is reportedly high, incentivizing hackers to breach healthcare organizations. Thus, cybersecurity is becoming a significant business risk.
The recent hacks of Indianapolis-based Anthem and Mountlake Terrace, Wash.-based Premera collectively revealed more than 91 million patients' data, prompting healthcare executives to reevaluate their cybersecurity risks. San Jose, Calif.-based ThreatMetrix, a security analysis and solutions company, predicted that more healthcare security breaches would occur in 2015 because of the increasing number of hospitals transitioning their records to electronic systems, according to a news release.
Here are four tips from Threatmetrix to improve cybersecurity.
∙ Implementing unified fraud prevention that leverages a digital identity network can detect and prevent mobile online fraud while remaining flexible and responsible for customers, agents and brokers.
∙ Implementing updated device and malware detection capabilities can ensure insurance providers' systems are not breached due to stolen or third-party credentials.
∙ Leveraging anonymized shared intelligence on digital identities can connect users with their online activity and device-related behavior patterns beyond the confines of a company's network.
∙ Monitoring encryption effectiveness can ensure that if a hacker has found a loophole, it can be closed before illegal activity continues. Hackers began infiltrating Anthem's system 10 months before the hack was announced.