SECURING THE HEALTH INDUSTRY AGAINST CYBER THREATS
Cybercriminals are increasingly drawn to targeting medical databases due to the high value of personal health information (PHI). Cybercriminals can exploit medical conditions, using the stolen information for fraudulent activities, extortion, and even fabricating insurance claims. Additionally, the illicit trade of medical supplies can be facilitated through the manipulation of PHI.
DEFEND YOUR DATA
The healthcare industry remains the most targeted sector in Australia!
The Australian healthcare sector finds itself at a critical juncture, urgently needing to boost its
cybersecurity measures. The frequency of cyber attacks targeting hospitals and healthcare providers
is escalating, with the Australian Cyber Security Centre (ACSC) issuing warnings to the industry.
Cybercriminals are employing ransomware and other sophisticated attack methods, breaching sensitive
hospital data and posing substantial risks to both patient privacy and operational integrity.
Between 2019 and 2020, cyber attacks in the Australian healthcare sector saw an alarming reported increase of 84%, potentially even higher. These attacks often go undetected for extended periods, leaving patients and healthcare providers unaware of compromised data until significant damage has already been done. The healthcare industry, with its transition to virtual services and data sharing, coupled with inadequate cybersecurity measures, has become an attractive target for enterprising cybercriminals. As such, it is crucial for healthcare organisations to prioritise identity security and work towards establishing robust cybersecurity frameworks to safeguard against the evolving threats.
CYBER ATTACKS CAN CAUSE SIGNIFICANT DAMAGES
Loss or Theft of
Financial damage and
Loss of customer trust
ARE YOU COMPLIANT?
The financial services industry is subject to a number of regulations in Australia, including the
Privacy Act 1988 and the Australian Prudential Regulation Authority's Prudential Standard CPS
234. The industry is a prime target for cyber criminals due to the sensitive nature of the
information held by financial institutions.
This Prudential Standard aims to ensure that an APRA-regulated entity takes measures to be resilient against information security incidents (including cyberattacks) by maintaining an information security capability commensurate with information security vulnerabilities and threats.
A key objective is to minimise the likelihood and impact of information security incidents on the confidentiality, integrity or availability of information assets, including information assets managed by related parties or third parties.
WE IDENTIFY THE RISKS AND DEVELOP TAILORED SOLUTIONS
If you are part of the private sector that requires an uplift to your cyber security posture,
then you are at the right place. Our team at CISO Online are here to uplift your cyber security
maturity by taking a structured, systematic risk-based approach and make your business as secure
and safe as possible. Our experienced cyber security advisory consultants will work with you to
understand your concerns.
Our team of experts will work closely with you to IDENTIFY VULNERABILITIES, ASSESS SECURITY RISKS, and provide TAILORED SOLUTIONS to ensure you meet the regularity requirements for Critical Infrastructure. Ready to uplift your cybersecurity? Read more
If you work in or with the Australia Government, then you are required to comply with The Essential 8. This is a set of mitigation strategies developed by the ACSC that provides the building blocks for a robust cybersecurity strategy. What to know more about The Essential 8? Read more
DON'T LEAVE YOUR ORGANISATION'S SECURITY TO CHANCE.
- EXPERIENCED: We have years of cybersecurity experience in the Critical Infrastructure industry.
- TAILORED: we tailor our approach to meet the specific needs and concerns of our clients rather than taking a one-size-fits-all approach.
- FLEXIBLE: we offer a range of services, packages, and options, meaning we are flexible to fit your organisation’s engagement.
- PROACTIVE APPROACH: we take a proactive approach rather than a reactive approach, identifying and addressing potential risks before they turn into full-blown security breaches.
Ready to take control of your cybersecurity? Talk to an Expert
IT’S NOT ABOUT IF YOU FACE A CYBER ATTACK! IT’S ABOUT WHEN!
The Medibank cyber breach, caused by compromised login credentials sold to the REvil group, led to the theft of personal data from 9.7 million customers, along with health claims data from thousands of customers. Despite the hackers' demands for ransom, Medibank refused to pay, resulting in data dumps being released. Legal consequences followed, with a class-action lawsuit and a complaint to the Australian Information Commissioner. The breach cost Medibank between $25 million and $35 million. This incident highlights the urgency for robust cybersecurity measures to safeguard against such threats.