Newsday - How Exposed will Health IT Be with a Down Economy and Cybersecurity Worker Shortage?

June 20, 2022: Drex DeFord, Executive Healthcare Strategist at CrowdStrike joins Bill on Newsday to talk about the economy, cyber labor issues and cyber liability insurance. We explore options for how a health IT leader can prepare for a down economy. While we have to brace ourselves for a slowdown in healthcare, agility will be essential. The Federal Reserve raised its benchmark interest rates three-quarters of a percentage point, its most aggressive hike since 1994. New research suggests nearly a third of cybersecurity professionals are planning to quit the industry, at a time when companies are struggling to protect their networks from attacks. How can healthcare or any system with confidential documentation survive with an impending catastrophe? Sophos observed that as healthcare ransomware attacks increase, organizations are struggling to obtain coveted cyber insurance policies. How is this survivable? How can we protect our servers and patients? Is self-insurance the only answer?



Key Points:

How does a health IT professional prepare for a down economy?Have a good governance process and make sure you're being very thoughtful about the investments you're making The cybersecurity skills crisis is about to get even worseCrowdStrike

Stories:

Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994 - CNBCBad news: The cybersecurity skills crisis is about to get even worse - ZD NetHealthcare Organizations Struggle to Obtain Cyber Insurance Policies, Report Shows - Health IT Security