Cyber security in the healthcare industry has become imperative as data breaches and security incidents have surged in the last year, exposing patients’ personal medical records to cyber thieves. Experts have reported that medical records, which often contain Social Security numbers, insurance IDs, addresses and medical details, are more valuable to cyber criminals than stolen credit card information.
Spear Phishing, also known as Social Engineering Fraud or Fraudulent Impersonation, targets a specific individual via email with the intent of deceiving the individual into transmitting funds, releasing confidential information, etc. In most cases, once the funds have been transmitted, it is extremely difficult to recover them.
For years there’s been an increase in cyber security issues. It’s hard to go a single day without reading a story about how companies large and small are threatened by cyber risks. As a matter of fact, Graham recently released survey findings showing that cyber security risks are one of the top business threats keeping them up at night.