Business disruptions and disasters come in many forms and usually are unpredictable and unavoidable. Even something as small and seemingly common as a 30-minute power outage could cost a business of any size or type $15,000 within the first few minutes.
The situation is exacerbated for the growing number of small and mid-size businesses (SMBs) in the healthcare sector. Why? Because healthcare increasingly relies on digital technology at all levels, such as:
And the list goes on. At many healthcare locations, scanners, refrigerators, and ventilation systems pose security risks as today many are part of the Internet of Things (IoT). As are bed-side and handheld monitors and treatment devices. Traditionally, none of these have the protection applied to other IT systems, although they’re critical to a healthcare business.
Business continuity, especially for your IT systems, is crucial for healthcare business of all sizes. HIPAA requires a BC plan, although some healthcare SMBs don’t understand what’s involved. The threats to data are increasing. Some IT experts estimate that 90% of healthcare organizations have suffered at least one data breach in the last two years, despite best practices for avoiding cyber attacks.
Leaders of healthcare SMBs can limit the impact of disruptions with a comprehensive Business Continuity (BC) Plan. Avoid the mistakes of many organizations that don’t go deep enough with their plan, or worse, put it off. And when planning, treat cyber disasters – data breaches, DDoS attacks, ransomware, etc. – with the same gravity as physical disasters. Because SMBs of any kind are more likely to experience a major financial loss in a disaster of any type than larger corporations.
Use these key tips to make your BC plan effective.
Does hiring a Managed Services Provider (MSP) with strong security experience make sense for your healthcare business? Run a cost-analysis. With expertise and capabilities you don’t have in-house, they can: