In a digital age where personal information is as valuable as currency, the security breach at LifeLabs serves as a stark reminder of the vulnerabilities inherent in handling sensitive data. LifeLabs, a prominent healthcare laboratory services provider, faced a significant cyberattack, leading to a settlement of $9.8 million. This incident not only highlights the financial […]
In recent years, the healthcare industry has found itself in the crosshairs of cybercriminals, with ransomware attacks becoming alarmingly frequent and costly. These attacks not only lead to significant financial losses but also disrupt healthcare services, potentially putting lives at risk. The costs associated with ransomware attacks in healthcare extend beyond the ransom payments themselves
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In the current digital environment, where cyberthreats are commonplace, it makes perfect sense to have cyber liability insurance. However, just having a policy in place doesn’t guarantee a smooth claims process. Cyber insurance policies come with varying terms and coverage, requiring meticulous examination of inclusions and exclusions and deciphering technical jargon. Having a thorough understanding
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