Huge price tag, is the solution more ‘white hat hacker/crackers’, get a clue, C-Suite and why China leads in hacking (important updates!)
Dan Munro in Forbes got out his calculator and estimated that the cost to Community Health Services, based on prior incidents, may be as high as $150 million. He bases it on recent poster children Columbia-NY Presbyterian and BlueCross BlueShield of Tennessee. The message to healthcare business executives: pay now–by beefing up HIT and data security–or pay later in rush remediation of data breaches like identity theft protection, Office of Civil Rights-HHS fines, potential insurance fraud, legal charges and damages awarded. On the latter, it took only hours after the announcement for the first class action to be filed in Alabama.
Of course cybersecurity experts, particularly the ‘white hat’ or ‘cracker’ variety, are in increasingly high demand across all business areas and internationally–and there aren’t many at that exalted level or even a rung or two below. Their commensurate compensation is one factor, but calls to hire less expensively overseas as explored in this article are, in this Editor’s estimation, a two-edged sword: much hacking, many sleeper bugs and ‘backdooring’ are engineered overseas (China, Russia, the Balkans, India); what is to say that these ‘former hackers’ aren’t playing both games? Cybersecurity’s hiring crisis: A troubling trajectory (ZDNet)
The C-Suite Must Care…The Workforce Must Be Aware
Since data security and data breaches threaten to swamp many sectors (universities and colleges, even more than healthcare, rank as the most vulnerable), the solution may not be wholly in the code. (more…)