Contact us

1300 GOCYBER (1300 462 923)

Call or email us today!

Contact details:

Message:

Your message has been sent successfully. Close this notice.

Cyber Insurance Quote Form

Limit of Liability

Company Details

Do you process, transmit or store more than 10,000 financial transactions per year?

Yes No, less than 10,000

Do you use and keep up to date firewalls and anti-virus protection for all systems?

Yes No

Do you use third parties to complete audits of your system and security on a regular basis?

Yes NO

Are all portable devices password protected? (mobile phones, laptops, tablets, etc)

Yes No

Do you have encryption requirements for all data including portable media?

Yes No

Do you have back-up and recovery procedures for business critical systems, data and info assets?

Yes No

Do you outsource any part of your network, including storage?

Yes, we use third party providers. No, all managed in house

Do you store sensitive information on web servers?

Yes No

Do you know of any loss payments, fines or penalties being made on your behalf?

Yes No

Are you aware of any matter which might give rise to a claim or loss under such insurance?

Yes No

Have you suffered any loss or claim but not limited to a regulatory, governmental or administrative action brought against you, or any investigation or information request concerning any handling of personal info?

Yes No

The applicant or any subsidiaries have any knowledge of any loss payments, fines or penalties being made on behalf of any applicant or any person proposed for coverage any cyber policy or similar insurance?

Yes No
Your quote request has been sent successfully, one of our brokers will contact you today! Close this notice.

Business Insurance Quote

Contact details:

Sections

Property & Contents

Yes, please quote No, thank you

Public & Products Liability

Yes, please quote No, thank you

Cyber Liability

Yes, please quote No, thank you

Theft & Money

Yes, please quote No, thank you

Computers & electronic equipment

Yes, please quote No, thank you

Business Interruption

Yes, please quote No, thank you

Machinery Breakdown

Yes, please quote No, thank you
Your quote request has been sent successfully, one of our brokers will contact you today! Close this notice.
8 years ago · by · 0 comments

Cyber Insurance & Healthcare

hospital- medical reception

Difficulties Facing The Healthcare Industry

Criminal attacks on unsuspecting medical practices, hospitals and other areas of the healthcare industry have been happening for years in a digital format. Would-be criminals don’t need to physically walk into the practice and reach behind the counter for sensitive records. Now, thanks to many improvements in technology the vast majority of personal files are shared and kept in digital archives with little protection.

As the tech world surges forward we are seeing an unprecedented amount of data being collected, shared, analysed and stolen on a daily basis. These recent leaps in technology are creating extra points of entry for criminals and more concerns regarding patient privacy than ever before. Despite major media coverage and brazen high profile breaches on governments and global organisations, there is still an upward trend in the frequency and severity of privacy breaches. Some industry vendor reports are indicating these breaches are more likely to happen in the health care industry than any other.

Cyber Insurance Australia Logo

 

Cyber Insurance Can Help Protect Your Business.

Why Is Healthcare Such A Target?

There are many reasons but some major points which make healthcare a prime target are:

  • The content of the data is sensitive and more valuable. For example, stolen healthcare data has been sold for 10 times that of credit card info
  • Time critical access. Usernames & passwords being simplified and left openly available for all staff to save time
  • The personal data is not easily reset like credit card information. Birth date, names and addresses are nearly impossible to change after a breach
  • Healthcare has adopted technology very rapidly without full understanding of the vulnerabilities
  • Medical device manufacturers failing to adequately secure the devices
  • Typically patient records are stored in large volumes and for many years
  • Too many people have acess to patient records

Unique Risks for Healthcare Organisations

  • Staggering amounts of Personally Identifiable Information and Protected Health Information collected, analysed and stored on systems
  • Sharing of health information with a variety of providers, including specialists
  • Mobile devices such as tablets and phones gaining much wider use
  • Employee education not up to date which leaves the organisation open to human error
  • Systems typically allow access points for hundreds of users including third party vendors
  • A heavy dependency on outsourced service providers
  • Many organisations have a chain of liability from providers, payors, third party administrators, technology or hardware firms, pharmacy benefit managers, outsourced network service providers and data storage firms

High Profile Breaches

Internationally many medical device manufacturers are being questioned over their failure to ensure the security of their products and instead transfer their responsibility to health care organizations. While these new devices can drastically increase efficiency and diagnoses, they are also creating vulnerabilities for the network they are connected to. Employee error remains the number one cause of exposure but device vulnerabilities are also at alarming rates.

26 million patient records at risk after popular GP software flaw

Australia’s biggest data breach sees 1.3 million Red Cross records leaked

How to avoid being the next hospital breach

It’s Insanely Easy to Hack Hospital Equipment

Cyber Insurance

Cyber insurance policies currently have a wide variation of cover and exclusions as the risk is still evolving. Some policies are asking for encryption across all portable devices, clearly defined regular backup and recovery procedures or independent audits and penetration testing conducted regularly. Over time we will see a clearer understanding and standard of cover.

Some unforeseen risks can arise after a cyber attack as a result of an office being forced to return to paper. The integrity of data and security of the health records; and identity theft of patients also being important risks to consider when reviewing insurance policies.

We recommend that medical industry staff understand the coverage they are getting and make sure ransomware and 3rd party costs are covered in their policy.

Overall though maybe the most important preventative measure at the moment is to educate employees. Current vulnerabilities, scams and prevention methods should be regularly circulated for employee knowledge. One email can breach the entire network, as a result we suggest getting employees to subscribe to the MailGuard blog and follow Cyber Insurance Australia on Linkedin & Facebook for regular updates and information.

Cyber Insurance Australia Logo

 

Cyber Insurance Can Help Protect Your Business.

Comments

Not found any comments yet.

Leave a reply

Your email address will not be published, and your website url is not required.

Take care of your business

Insurance for
your business future

Call us today for specialist business insurance packages.

Company information

Naga Risk Solutions Pty Ltd ATF Naga Investment Trust T/As Cyber Insurance Australia (CAR 1250594 | ABN 59 378 032 992

Corporate Authorised representative of Community Broker Network Pty Ltd | AFSL 233750 | ACN 096 916 184

Financial Services Guide (FSG), Privacy Policy, Complaints & Dispute Handling (FSG), Insurance Brokers Code of Practice (FSG)

Contact details

E-mail address:
contact@cyberinsuranceaustralia.com.au

1300 GOCYBER

1300 462 923

Available 8:30am - 5:00pm

PO Box 1677, Milton LPO
Milton
Brisbane, QLD 4064

Join our monthly newsletter for:

Enter your email and stay up to date,

Subscribe to our monthly newsletter!