Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

This year for the 13th year in a row, the healthcare industry continues to experience the most expensive data breaches worldwide, at an average cost of nearly $11 million – double the cost for the next-highest industry, finance. That’s not surprising; ransomware attacks on hospitals and health systems are constantly in the news. Add to that the cybersecurity talent shortage, which is especially acute (pardon the pun) in the healthcare industry.

Community First Medical Center (CFMC) is a medical and nursing facility that serves Chicagoland and Illinois broadly. They employ over 300 individuals who preside over a 299-bed hospital campus. Originally named Our Lady of the Resurrection Hospital, CFMC provides community-focused healthcare, diagnostics, and treatments. If you have received services from CFMC, your private information might have been stolen in a recent data breach.

HCA Healthcare is a national and international healthcare service provider. Their services span over 180 hospitals and thousands of clinics across 20 states. They also offer services in the United Kingdom called HCA UK. Around the world, more than 290,000 people work for HCA; their payrolls include the staff of surgery and urgent care centers, imaging and physician clinics, and more. Back in July, HCA Healthcare suffered a hack exposing the data of more than 11 million Americans.

Lakeland Community College is a public school located in Lake County, Ohio. The school serves approximately 8,700 students at one time and provides over 135 different associate degrees and technical certificates. The school has more than 900 employees and generates over $104 million in revenue annually. Over many years the school serves tens of thousands of students, which means that it's processing and storing a substantial amount of information.

Both Atrium Health and Novant Health are health organizations that work with a large number of hospitals offering services. These v work with data from thousands of patients and enable standard hospital practices to occur. Between the two organizations, a huge number of different hospitals and private practices are involved. That's why it's upsetting to learn that both of these organizations were recently breached.

The EU Healthcare system is under attack. Between January 2021 and March 2023, the health sector faced various cybersecurity incidents, endangering the confidential information of hospital and patient data. For the 13th year in a row, the healthcare industry reported the most expensive data breaches, averaging a cost of USD 10.93 million. This year, 40 million patients have already been impacted by data breaches, indicating that 2023 is on track to set a new record for attacks on the health sector.

All covered entities must comply with HIPAA or face fines of up to $50,000 for every violation. However, with such high cybersecurity standards and insufficient implementation guidance, it's not surprising that HIPAA violations are common occurrences. To overcome the challenges of adhering to HIPAA’s stringent safeguards, covered entities are turning to HIPAA compliance software for support.

Cognizant is a massive IT services company with over 300,000 employees and more than $15 Billion in annual revenue. The company helps major corporations with IT services. TMG Health is a healthcare services provider that works with Medicare Advantage, Medicaid Part D, and Managed Medicaid programs for many government agencies throughout the country. Between these two major companies, a huge amount of data is stored. All that data is now vulnerable because of a breach that started in May.

Hospitals are seeking creative ways to fund technology and cybersecurity protection measures amid a perfect storm of operational challenges that affect quality of care.

Imagine an intricate multiverse where each world holds endless possibilities. Now picture that same concept but for pharmaceutical research. Welcome to the Pharmaverse! Similar to the complex world of the multiverse, the Pharmaverse contains various solutions to explore, and each solution can be customized based on your data analysis needs. We first learned of the “Pharmaverse” during Mike Stackhouse’s session at the Egnyte for Life Sciences Virtual Summit. ‍