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Cybersecurity Alert: Protect Your Business from Medical Identity Theft and Cyber Fraud

by | Sep 10, 2024

Cybersecurity Alert: Protect Your Business from Medical Identity Theft and Cyber FraudAs a business leader, especially in industries like healthcare, accounting, or law, managing technology can feel like juggling a thousand pieces of compliance, security, and functionality. But what if those pieces are compromised without you knowing? Recent cyberattacks show just how real that threat is. In February, a massive cyber-attack on Change Healthcare impacted thousands of healthcare providers and policyholders, putting nearly 50% of all U.S. medical claims at risk.

Imagine this scenario: You’re in a waiting room with nine other people, and five of you could fall victim to medical identity theft within the year. Once thieves gain access to sensitive medical data, they can file false claims, make unauthorized purchases, or even hijack insurance benefits. This kind of breach is more than just a headache; it disrupts lives, devastates reputations, and leads to serious financial consequences. In a similar attack, scammers fraudulently billed $2.75 billion to federal programs, involving 193 defendants—including medical professionals.

For business owners like you, the stakes are even higher. Not only is your personal information at risk, but your business’s sensitive data could also be compromised, leading to operational downtime, legal headaches, and broken trust with your clients. It’s a nightmare scenario, one that could be happening right under your nose.

Are You at Risk? Here are some warning signs that your medical ID—or worse, your business’s critical data—might have been stolen:

  • Unexplained medical bills or insurance claims under your name.
  • Errors in medical records that show procedures or diagnoses you never had.
  • Maxed out insurance benefits without using them.
  • Debt collection notices for medical services you didn’t receive.

How to Protect Yourself and Your Business Don’t wait until it’s too late. Just like ensuring compliance or securing your IT systems, taking proactive steps is essential. Here’s what you can do:

  • Monitor medical records and business data for any unusual activity.
  • Shred sensitive documents—both personal and business-related—before disposing of them.
  • Secure your records both digitally and physically. Make sure your IT systems are up to date and protected with robust cybersecurity measures.

Health care data breaches are not going away anytime soon, and as a business leader, you need to ensure that both your personal and professional information stays protected.

We’re Here to Help Our team specializes in cybersecurity and compliance, offering you a FREE Network Assessment to quickly identify if your personal or business information has been compromised. Don’t let cybercriminals exploit your business’s sensitive data—protect yourself before it’s too late.

Call us today at 440-322-4537 or click here to schedule your FREE Network Assessment and discover how secure your business really is.

Let us take the fear and frustration of cybersecurity off your plate so you can focus on what matters most: running your business efficiently and securely.

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