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There has been much discussion in the cyber insurance marketplace about third party damages from a data breach. A hospital in California recently agreed to pay over $240 to each patient who was affected by the breach.
Healthcare organizations are facing almost one cyber attack per month. About 48% of healthcare IT and IT security practitioners have said they had a breach involving loss or exposure of patient information in the past year.
The 2015 Professional Liability Conference was a great success. The focus was on cybersecurity. With several large breaches at health insurers over the past year, cyber insurance has risen to the top of most Blue Plan risk managers’ priorities.