Health Care: Cyber Attacks, Worrying Trends and Solutions

As I was reading various financial headlines last week to try and stay current on stock market developments, I came across a troubling headline: "HealthEquity Stock Plummets as Firm's Profit Hurt by Cyber Threats, Fraud."Here’s an excerpt: “Shares of HealthEquity (HQY) sank 20 percent Wednesday, a day after the Health Savings Account (HSA) custodian missed profit estimates and gave weak guidance as it dealt with the costs of a rise in criminal activity targeting the firm. …“In a transcript of the analyst call provided by AlphaSense, CEO Scott Cutler explained that along with other financial firms, HealthEquity has seen ‘increased cyber threats and fraud attacks from bad actors using sophisticated technology, techniques and methods." WIDER CYBER TRENDS IN HEALTH CAREIndeed, this story is just one example of a rising trend of growing cyber attacks against hospitals and health-care facilities, and companies overall.The HIPPA Journal published an article back in January regarding the alarm...