HEALTHCARE SECURITY FORUM: A HIMSS EVENT

Boston, MA
Oct. 15-16, 2018

The Economic Costs of Cybersecurity

October 15, 2018
2:20pm - 3:00pm
George C/D

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 successful cyberattack or major breach.

But not impossible.

In this session, Partners HealthCare CISO Jigar Kadakia explains that while there is no exact science to how much money should be allocated to a security budget, it relates directly to: 1. Assessing your risk tolerance; and 2. Quantifying ROI – cost of solution versus potential cost of a breach.

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.
  • Additionally, Jigar will discuss the appeal healthcare holds for hackers, your odds of being breach (much more likely than marrying a millionaire), the assets at risk, and the potential costs of a breach to a healthcare organization.

Speakers

Jigar Kadakia

Chief Information Security Officer
Partners HealthCare

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