When cyber risk meets healthcare

The article discusses the growing cybersecurity threats to medical devices and healthcare systems due to the increased connectivity brought about by the Internet of Things (IoT). These threats can jeopardize patient safety and compromise sensitive health data, as evidenced by instances like the FDA's recall of pacemakers and the significant data breach experienced by Change Healthcare. The risks are exacerbated by aging hospital infrastructure, particularly outdated MRI machines. Kirstin Simonson and Jennifer Ampulski from Travelers emphasize the importance of cyber insurance and robust cybersecurity practices throughout the supply chain, advising hospitals and healthcare providers to evaluate their partners' security protocols and leverage available resources to strengthen their defenses. Additionally, adhering to FDA guidelines and addressing misconceptions about cyber insurance coverage are crucial steps in mitigating these vulnerabilities.

Opens on insurancebusinessmag.com