Boston, MA
Oct. 15-16, 2018

The Economic Costs of Cybersecurity

October 15, 2018
11:00am - 11:30am
American Ballroom

Cybersecurity does not generate revenue, and this makes it difficult to assess how much money to allocate to a cybersecurity budget or predict the economic impact of a major breach.

But not impossible.

In this session, Partners Healthcare CISO Jigar Kadakia draws on his 18 years of security leadership to discuss, among other things, why healthcare appeals to hackers, your odds of being breach (much greater than marrying a millionaire), and the potential costs of a breach to a healthcare organization.

Importantly, as Jigar will explain, that while not an exact science, funding your security budget, should relate directly to: 1. Your risk tolerance; and 2. Quantifying ROI – cost of solution versus potential cost of a breach.

This is foundational knowledge for every healthcare security leader - or want-to-be leader.

Learning objectives

  • Explain how much an organization should invest in cybersecurity and how to allocate the cybersecurity budget.
  • Outline the economic impact (and potential loss) associated with a successful cyber-attack.
  • Illustrate the costs associated with a major breach of protected health information and/or sensitive information.


Jigar Kadakia

Chief Information Security Officer
Partners HealthCare

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