How hospitals can financially measure the risk of cybersecurity attacks

At the HIMSS Healthcare Security Forum in Boston, experts discussed the challenges of quantifying the cost of cyber risk in healthcare. Chief information security officers and other professionals highlighted the difficulty of determining the value of healthcare data. Some suggested measuring the cost by looking at the value of patient information on the dark web or considering fines for cybersecurity breaches. The goal is to communicate risk to healthcare leadership in financial terms, ensuring a consistent risk process. Patient data privacy and security are crucial, especially in today’s privacy climate.