Healthcare billing companies obtain cyber insurance quotes effortlessly today
Real-World Implications and Statistics
The healthcare industry is one of the most targeted sectors for cyberattacks. In 2022 alone, the average cost of a healthcare data breach was estimated at $10.1 million1. This staggering figure underscores the importance of having adequate cyber insurance in place. Moreover, a study by Cybersecurity Ventures predicts that by 2025, cybercrime will cost the world $10.5 trillion annually2. These statistics highlight the critical need for healthcare billing companies to invest in cyber insurance as part of their risk management strategy.