CYBERSECURITY - ENTERPRISE OPERATIONS IN THE CROSSHAIRS
Healthcare organizations, entities and professionals are obligated to protect everything from operational data to patient records and personal information. No longer is cybersecurity a concern delegated to the IT department. Responsibility for cybersecurity now rests on all decision makers from the bottom to the top of an enterprise, including hospital and corporate boards. Risks now extend from basic network breaches to attacks compromising the functionality of entire enterprises.
Historically Officers and Directors have not faced significant risks of personal liability regarding losses due to cybersecurity breaches and attacks. But, this is changing. There is mounting evidence and opinion that Officers and Directors may be liable for breach of fiduciary duties or their duties to exercise diligence and conduct themselves with the skill and responsibility of a prudent person. This risk climbs with the increase of public information of cyber attacks resulting in losses of assets and privacy information.
It is becoming clear that in an atmosphere of relative uncertainty made more complex by the constantly evolving regulatory and legislative framework pertaining to cybersecurity, corporate and institutional leaders must protect themselves and their enterprises in a calculated and strategic manner considering all material risks and effective solutions.
The cybersecurity skills gap is real
Companies and service providers will continue to struggle to attract expertise capable of defending against cyber attacks. The expertise goes beyond technical knowledge and includes the understanding of evolving privacy and security regulations, and corporate governance standards. GENSTATE HCA assists enterprises by providing expertise that organizations normally don't internally possess, and by assisting in building talent within organizational structures.
GENSTATE HCA provides advisory services to senior management, executives, and boards, and that includes advice and direction regarding corporate governance obligations and examinations of potential vulnerabilities associated with the exercise of fiduciary duties. This may include reviews and recommendations pertaining to cyber insurance. GENSTATE HCA often most often works with legal, insurance, and business advisers to assure a seamless advisory process that has meaning and clear results.
The technical aspects of cybersecurity are complex.
To complement GENSTATE HCA's services, we have established a formal relationship with SEEKINTOO INC., a specialized Canadian cybersecurity services provider. We believe there is too much at stake to not work with the best, and we approach our delivery of services as a team. SEEKINTOO provides cybersecurity services to major North American enterprises including Alaska Airlines, Cenovus Energy, Ovintiv Inc., Gibson Energy, Canadian Credit Unions, Government agencies, law firms, and others. We believe the biggest weakness in cybersecurity is limited resources for defenders (customers) but unlimited virtual resources for attackers (hackers.) We understand an attacker only needs to find one weakness to get in, but a defender has to find and defend all weaknesses. Serious enterprises require serious solutions and Genstate HCA is there to provide those solutions.
QUALITY ASSURANCE (QA)
Operational security cannot be assured in a vacuum without regard to related causal elements. Quality assurance is the activity necessary to ensure that a healthcare entity or institution is providing the best possible services to its patients, clients and employees. An enterprise must ensure that processes, including software products, are effectively delivering those services. Genstate HCA offers enterprises quality assurance reviews and software testing to prevent against vulnerabilities and dysfunctionality. It is clear that security testing is part of several other testing elements which also includes functionality testing, performance testing, and usability testing.
CYBER SECURITY CORE REVIEWS AND TRAINING
Cyber Security Awareness is essential to reduce the risk of Cyber Attacks and resulting losses. Enterprises are increasingly exposed to sophisticated social engineering and phishing attacks aimed at employees, executives and directors. Conservative estimates of losses triggered by compromised employees and executive errors exceed 30% of all cyber attacks. According to a 2018 study by IBM and Ponemon Institute, healthcare data breach costs average $480 per record, and attacks on the healthcare industry are on the rise. GENSTATE HCA offers custom packages to best suit the needs of its clients ranging from on-site one time instruction to on-going monitoring including online instruction and testing. This is in conjunction with examinations of existing IT infrastructures, including hardware and software reviews.
Historically Officers and Directors have not faced significant risks of personal liability regarding losses due to cybersecurity breaches and attacks. But, this is changing. There is mounting evidence and opinion that Officers and Directors may be liable for breach of fiduciary duties or their duties to exercise diligence and conduct themselves with the skill and responsibility of a prudent person. This risk climbs with the increase of public information of cyber attacks resulting in losses of assets and privacy information.
It is becoming clear that in an atmosphere of relative uncertainty made more complex by the constantly evolving regulatory and legislative framework pertaining to cybersecurity, corporate and institutional leaders must protect themselves and their enterprises in a calculated and strategic manner considering all material risks and effective solutions.
The cybersecurity skills gap is real
Companies and service providers will continue to struggle to attract expertise capable of defending against cyber attacks. The expertise goes beyond technical knowledge and includes the understanding of evolving privacy and security regulations, and corporate governance standards. GENSTATE HCA assists enterprises by providing expertise that organizations normally don't internally possess, and by assisting in building talent within organizational structures.
GENSTATE HCA provides advisory services to senior management, executives, and boards, and that includes advice and direction regarding corporate governance obligations and examinations of potential vulnerabilities associated with the exercise of fiduciary duties. This may include reviews and recommendations pertaining to cyber insurance. GENSTATE HCA often most often works with legal, insurance, and business advisers to assure a seamless advisory process that has meaning and clear results.
The technical aspects of cybersecurity are complex.
To complement GENSTATE HCA's services, we have established a formal relationship with SEEKINTOO INC., a specialized Canadian cybersecurity services provider. We believe there is too much at stake to not work with the best, and we approach our delivery of services as a team. SEEKINTOO provides cybersecurity services to major North American enterprises including Alaska Airlines, Cenovus Energy, Ovintiv Inc., Gibson Energy, Canadian Credit Unions, Government agencies, law firms, and others. We believe the biggest weakness in cybersecurity is limited resources for defenders (customers) but unlimited virtual resources for attackers (hackers.) We understand an attacker only needs to find one weakness to get in, but a defender has to find and defend all weaknesses. Serious enterprises require serious solutions and Genstate HCA is there to provide those solutions.
QUALITY ASSURANCE (QA)
Operational security cannot be assured in a vacuum without regard to related causal elements. Quality assurance is the activity necessary to ensure that a healthcare entity or institution is providing the best possible services to its patients, clients and employees. An enterprise must ensure that processes, including software products, are effectively delivering those services. Genstate HCA offers enterprises quality assurance reviews and software testing to prevent against vulnerabilities and dysfunctionality. It is clear that security testing is part of several other testing elements which also includes functionality testing, performance testing, and usability testing.
CYBER SECURITY CORE REVIEWS AND TRAINING
Cyber Security Awareness is essential to reduce the risk of Cyber Attacks and resulting losses. Enterprises are increasingly exposed to sophisticated social engineering and phishing attacks aimed at employees, executives and directors. Conservative estimates of losses triggered by compromised employees and executive errors exceed 30% of all cyber attacks. According to a 2018 study by IBM and Ponemon Institute, healthcare data breach costs average $480 per record, and attacks on the healthcare industry are on the rise. GENSTATE HCA offers custom packages to best suit the needs of its clients ranging from on-site one time instruction to on-going monitoring including online instruction and testing. This is in conjunction with examinations of existing IT infrastructures, including hardware and software reviews.
"Cybercrime is the greatest threat to every company in the world."
~ G. Rommety
~ G. Rommety
