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The Gist Healthcare Podcast

Encore: Cybersecurity and the Healthcare Industry - A Conversation with Clearwater CEO Steve Cagle

Mar 8, 2023
Steve Cagle, CEO of Clearwater, discusses the impact of ransomware attacks on healthcare systems, highlighting the need for cybersecurity measures. Topics include vulnerabilities in hospital systems, financial implications of cyber attacks, and the role of CEOs in mitigating cybersecurity risks. Strategies for improving hospital cybersecurity are also explored.
15:58

Episode guests

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Quick takeaways

  • Healthcare industry faces frequent ransomware attacks affecting patient data security and operational disruptions.
  • Hospital CEOs play a critical role in promoting cybersecurity awareness and implementing proactive risk mitigation strategies.

Deep dives

Ransomware Attacks on Health Systems

In 2022, Common Spirit, the second largest hospital chain in the U.S., was hit by a ransomware attack affecting over 600,000 patients. Analysis reveals that many hospitals in the U.S. faced ransomware incidents. 374 attacks occurred between 2016 and 2021, impacting 42 million patients. Steve Kegel highlights the attractiveness of healthcare data for cybercriminals due to its value for illegal activities like insurance fraud and identity theft.

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