Cyber Extortion or Ransomware is the fastest growing segment of cyber-crime. In the first quarter of 2016 alone there were more reports of cyber extortion than for the entire year of 2015 combined, with small health care offices being at the top of the list of those targeted.
What Can You Do To Protect Your Business?
Cyber Extortion or Ransomware is a type of malicious software or malware that prevents or limits users from accessing their system and forces victims to pay a ransom in order gain access to their systems and get their data back. However, paying the ransom does not guarantee that your systems and data will be restored.
The Optometric Protector Plan provides ‘Cyber Liability’ coverage through Beazley Insurance. Ransomware is simple extortion. Hackers gain access to computer systems by hiding their malware in security updates or inducing e-mail users to click on phishing link. Ransomware risks are becoming frighteningly pervasive. The Optometric Protector Plan offers coverage for:
• Cyber Extortion / Ransomware
• Privacy Notification Expense
• Credit Monitoring Expense
• Regulatory Fines
• Data Protection Loss
• IT Forensic Expense
• Business Interruption Loss
• 3rd Party Financial Loss
• Risk Management & Compliance Materials
• Online Support
• and more….
How Can You Protect Your Patients’ Electronic Health Records?
Cyber liability coverage is ‘data liability’ coverage. As an Optometrist, you own your patients data, whether in paper or electronic format. If a patient’s paper files are stolen or if your system is breached and records are stolen, by law you are responsible for notification by mail as well as providing credit monitoring services for at least 1 year.
Learn more about Cyber Liability