Cyber Security
Don’t Expose Your Practice to Cyber Threats
JUNE 25, 2024
Protect Your Practice From Increasing Third-Party Cyber Exposures
Since the start of 2023, over 40 million patients nationwide have been affected by 327 data breaches, according to the Office for Civil Rights.
The rise in ransomware attacks, the complexity of digital systems due to industry consolidations, and the security of dental devices connected to the internet have intensified the focus on cybersecurity measures. A study by IBM reports that the average cyber event now costs over $10 million for U.S.-based healthcare organizations, including dental practices.
Third-party vendors often have access to sensitive patient data in the dental industry, and a breach on their part can expose patients’ personal and dental records.
An escalating regulatory environment also impacts cyber coverage and risks for dental practices, which are subject to compliance obligations such as HIPAA. Failure to comply with these regulations by a vendor can lead to significant legal and financial repercussions for the dental practice.
We Identify and Address Your Particular Cyber Risks
Dental practices should collaborate with knowledgeable brokers to enhance their IT security in ways that meet underwriters’ expectations. Safehold assists your dental practice by first examining the top cyber and privacy risks you may face, then identifying suitable cyber insurance to alleviate the financial burden of a loss, from ransomware events to email compromises necessitating expertise in network forensics and recovery.
Make sure your dental practice is fully protected.Contact us today to learn how the Safehold Dental Professional Liability Program can customize solutions to meet your insurance needs, visit us at Dentist Professional Plus. |
Products and services are offered through Safehold Special Risk, Inc., Safehold Special Risk and Insurance Services, Inc. California coverage is provided by unaffiliated insurance companies.