Beazley publishes special US healthcare data breach insights report
17 October 2017 - 2:40AM
Timed to coincide with the 2017 American Society of Healthcare Risk
Management (ASHRM) conference, leading specialist insurer Beazley
has today published a special data breach report for the US
healthcare sector.
In the first nine months of 2017, unintended disclosure
accounted for 41% of data breach incidents reported to Beazley by
healthcare organization clients and shows no signs of abating. The
high level of unintended disclosure incidents remains more than
double that of the second most frequent cause of loss, hack or
malware (19%). Whether it is an email containing PHI sent to
the wrong recipient, discharge instructions given to the wrong
patient, or a server containing protected health information (PHI)
accidentally left open to the public, healthcare entities continue
to struggle with human error on a regular basis.
Beazley’s report goes on to highlight the rise in insider and
social engineering incidents before considering the marked increase
in the number of Department of Health and Human Services Office for
Civil Rights enforcement activities in recent years and the
implications for healthcare organizations. The report
concludes with examples of claims filed by Beazley healthcare
sector clients.
The full report is available here.
Katherine Keefe, global head of Breach Breach Response Services
said: “All organizations face the reality that data breaches have
become inevitable. And the stakes are high: they hold personal data
on trust for customers, employees and patients. The volume of
protected health information maintained by healthcare organizations
and the digitization of electronic health records have increased
the vulnerability for large breaches. It is important to understand
the underlying causes so as to mitigate and manage them
effectively. In our special healthcare breach insights
report, we highlight issues currently trending in the sector.”
Beazley’s dedicated site for clients with a data breach policy
www.beazleybreachsolutions.com, and its newly-launched broker
portal www.cyber.beazley.com provide an all-encompassing set of
resources designed to help clients and brokers remain informed and
educated on the constantly evolving cyber risk and data breach
landscape.
Beazley is a pioneer in cyber liability and data breach
insurance. It remains the only insurer to have a dedicated
in-house breach response team responsible for coordinating the
expert forensic, legal, notification and credit monitoring services
that clients need to satisfy all legal requirements and maintain
customer confidence. Since the launch of Beazley Breach Response in
2009, Beazley has helped clients handle more than 7,000 data
breaches.
-ends-
Note to editors:
Beazley plc is the parent company of specialist insurance
businesses with operations in Europe, the US, Canada, Latin
America, Asia, the Middle East and Australia. Beazley manages six
Lloyd’s syndicates and, in 2016, underwrote gross premiums
worldwide of $2,195.6 million. All Lloyd’s syndicates are rated A
by A.M. Best.
Beazley’s underwriters in the United States focus on writing a
range of specialist insurance products. In the admitted market,
coverage is provided by Beazley Insurance Company, Inc., an A.M.
Best A rated carrier licensed in all 50 states. In the surplus
lines market, coverage is provided by the Beazley syndicates at
Lloyd’s.
Beazley is a market leader in many of its chosen lines,
which include professional indemnity, property, marine,
reinsurance, accident and life, and political risks and contingency
business.
For more information please go to: www.beazley.com
BZ_PR_101617_2
Eleanor Lewis
Beazley Group
+44 (0)20 7667 0538
Eleanor.lewis@beazley.com
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