RM Matters
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Ransomware on the Rise: Steps To Protect Your Practice and Systems From Cyber Disruption TDIC Risk Management Staff Over the past two years of practice disruption due to the pandemic, dentists have become attuned to navigating new challenges and balancing complex risks. However, there are some issues that blindside even the most seasoned practice owners. Imagine coming in ready to start the day, booting up your computer to check the schedule and then … nothing. There’s just a blank screen, or worse yet, a message stating that your system has been locked and a demand for a payment to gain access. When a ransomware attack hits, your practice comes to a screeching halt. A compromised system can mean no access to schedules, billing or patient records. Cybercriminals have been leveraging practice disruptions to launch ransomware attacks in skyrocketing numbers. California dentists must proactively protect their practice systems, be prepared for the eventuality of receiving a demand and follow sound steps to recover from an attack. In just one case handled by The Dentists Insurance Company, the total costs to conduct a forensic IT investigation, get systems back online and cover lost business neared $100,000. When the dentist could not access his files, it soon became clear that the system had been hacked and the practice was a victim of ransomware. As patient data was stored in the cloud, the dentist didn’t believe that there had been a data breach but was still paralyzed from doing business because his systems and files were locked. By the time a forensic IT firm was engaged to regain access to the system,
get it back up and running again and unlock the data, the dentist had already paid a $25,000 ransom demand. The insurance claim reflected more than $70,000 in costs due to the amount of time the practice operations were down plus the expertise needed to investigate and reconcile the records and data.
In cases like this, recovering data and reimbursement for the associated financial loss is crucial to practice sustainability. But the investigation into how the system was accessed can be priceless in helping to support and train the practice team in mitigating future crises. In today’s high-risk climate,
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From one-on-one risk management advice by phone to informed consent forms to expert-led seminars, we’re here to help you practice with confidence. We are The Dentists Insurance Company. Learn more at tdicinsurance.com/rm
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