Running a medical practice in today’s digitally connected world, comes with increasing and evolving cyber risks. The sensitivity and volume of medical data stored and information accessed entirely digitally, has been leaving practices vulnerable to hackers and cyber criminals.
The Office of the Australian Information Commissioner’s (OAIC) Notifiable Data Breaches Scheme 12-month Insights Report, revealed health service providers reported the highest number of data breaches, around 20%, under the scheme from 1 April 2018 to 31 March 2019.
That is why Cyber security is no longer a luxury for your practice. It is now a requirement. The experts at Tego Insurance can help you when it comes to medical indemnity insurance costs and medical indemnity insurance quotes.
Tego Insurance Can Help You
We can help protect your medical practice against data breaches and other common losses. Tego Insurance now offers cyber insurance cover with your entity medical malpractice insurance policy. But that is just the beginning, we can help you develop strategies to lessen your cyber exposure and damage.
Strategies to Prevent Cyber Incidents
The OAIC report found human errors are the leading cause of data breaches in the health sector, accounting for 55% of data breaches. Therefore, educating staff on their responsibilities and having policies and processes in place, is the best defence to manage your practice’s risk. View the guide written by Tego Insurance on practice indemnity insurance.
It is important to educate your employees. This entails:
- No sharing of passwords
- Right use of the internet
- No downloading of software to the practice system
- Show caution when opening unusual emails.
Develop a Business Continuity Plan
Having a robust and proactive business continuity plan is essential to risk management planning. It will detail how your healthcare practice or facility can continue to operate when a major cyber incident occurs.
Select Third Party Providers who Understand Cyber Risk
Third-party providers, such as IT managed service providers or outsourced digital storage facilities who store your information, are excellent proactive partners and protectors of your business and your patients’ data.
The Tego Insurance team (with experts in medical indemnity insurance Australia and medical malpractice insurance) can provide tailored advice for you in regards to cybersecurity and how to protect your business and your patients data against cyberattackers..
If you have any specific questions, please contact us! Tego Insurance offers medical indemnity insurance for medical practitioners. At Tego Insurance, we understand the Australian medical profession and its ever-changing landscape. It’s this knowledge and our innovation and flexibility that makes us one of the top insurance providers in Australia.
This publication is general in nature and is not comprehensive or constitute legal or medical advice. You should seek legal, medical or other professional advice before relying on any content, and practice proper clinical decision making with regard to individual circumstances. Persons implementing any recommendations contained in this publication must exercise their own independent skill or judgment or seek appropriate professional advice relevant to their own particular practice. Compliance with any recommendations will not in any way guarantee discharge of the duty of care owed to patients and others coming into contact with the health professional or practice. Tego Insurance Pty Ltd is not responsible to you or anyone else for any loss suffered in connection with the use of this information.
Eric is the CEO of Tego, an insurance agency offering specialist indemnity insurance solutions for the healthcare and life sciences sectors. His qualifications include a bachelor’s degree in business and law, a master’s degree from UNSW in law and management and an MBA from the AGSM.