fbpx
Question? Call Us 858-777-0040
Logo 01

The $2.5 Million Lesson: Cybersecurity Transformation for Plastic Surgery Practices

Download the accountant's guide to the safeguards ruleGet your CPA firm aquainted with new FTC rules.

Read our latest eBook "The Accountant's Guide to the FTC Safeguards Rule"

In the world of business IT support and cybersecurity, even the most beautiful pursuits, like plastic surgery, require a robust defense. Recent warnings from the FBI highlight a growing threat—cyber extortionists targeting plastic surgery offices. In this article, we’ll explore this concerning trend and the cybersecurity transformation your practice needs to protect your patients’ sensitive data. We’ll also shed light on a startling fact: many businesses lack standalone cyber insurance policies, leaving them vulnerable to substantial financial losses not to mention loss of reputation after working hard for years gathering customer testimonials.

The Plastic Surgery Paradox

Imagine a Hollywood heist, but it unfolds in the digital arena. Cybercriminal groups infiltrate plastic surgery networks, pilfering invaluable patient data, including medical records and sensitive before-and-after photos. Their motive? Extortion. They demand ransoms, threatening to expose stolen data if left unpaid.

One striking case involved Dr. Gary Motykie, M.D. in May 2023, facing a staggering $2.5 million ransom demand to prevent data exposure. Some patients were caught in the crossfire, forced to pay to safeguard their private information. This incident sent shockwaves through the medical community, highlighting the very real and devastating consequences of cyberattacks on plastic surgery practices.

The Cyber Strategies

How do these digital extortionists operate? Armed with technology that conceals their identities, they wield phishing emails as their primary weapon. These emails carry malware that infiltrates protected systems, allowing them to snatch valuable data, including those precious photos. But their tactics go further—these criminals scour social media for additional information, seamlessly weaving it into their extortion schemes.

What’s particularly insidious is their multifaceted approach—patients, surgeons, and staff are contacted through various channels, including phone calls, emails, SMS messages, and social media. Sensitive data isn’t kept in the shadows; it’s shared with everyone, from friends and family to colleagues and contacts. They even create public-facing websites to flaunt their ill-gotten gains.

The Cybersecurity Transformation

Much like the transformations your patients undergo, your practice needs a cybersecurity transformation to safeguard its beauty. Let’s transition from the threat to practical solutions. The FBI offers crucial advice to bolster your plastic surgery office against these attacks:

  1. Fortify Social Media Privacy: Review and tighten your privacy settings across social media platforms, making accounts private to limit visibility. Exercise caution when accepting friend requests and periodically audit your friends list.
  2. Prioritize Strong, Unique Passwords: Deploy strong, unique passwords, especially for email, financial, and social media accounts. Consider using a password manager for added security.
  3. Activate Multifactor Authentication (MFA): Enable MFA on all vital accounts to add an extra layer of protection.
  4. Regular Financial Vigilance: Maintain close scrutiny of your financial records, regularly checking for suspicious activities.

The High Costs of Cyber Attacks

Now, let’s shine a light on a critical aspect often overlooked—cyber insurance. Many businesses lack standalone cyber insurance policies, which can be a costly mistake. Even if they do, a $1,000,000 aggregate limit might not suffice.

Consider the potential expenses of 3,000 clients with exposed data:

  • Incident and Crisis Services: Up to $300,000
  • HIPAA Fines: Up to $300,000
  • Forensics and Data Recovery: Up to $100,000
  • Business Interruption: Up to $300,000

After these costs, there might be little left for:

  • Defense against lawsuits
  • Reputational harm mitigation
  • Liability imposed by lawsuits
  • Actual ransom payment if required

Furthermore, stolen health information can fetch as much as $1,000 per person on the dark web, emphasizing the value cybercriminals place on such data.

Much like cosmetic surgery patient transformations, your practice deserves a cybersecurity transformation to protect its reputation. As you enhance your patients’ aesthetic appeal, let’s work together to enhance your cybersecurity and IT systems. With the right precautions, support, and adequate cyber insurance, you can thwart cyber extortionists and continue making the world a more beautiful place—one procedure at a time.

The four elements of the KahunaVision Technology Assessment are:

– Outsourcing –
Upgrade with our Kahunas. We’ll take your concerns (and problems) so you can do what you do best.

– Modernization –
Throw away that old tech! Take advantage of artificial intelligence, cloud apps, and fortified backups.

– Cybersecurity –
Don’t understand cybersecurity? Strengthen your IT systems with your personal Tech Kahuna.

– Compliance –
Compliance is boring–but many businesses still need to do it! We’ll help you with that, too.

Kahuna Shield will tie it all together.

Get your CPA firm aquainted with new FTC rules.

Read our latest eBook "The Accountant's Guide to the FTC Safeguards Rule"

Leave a comment

Your email address will not be published. Required fields are marked *

admin
admin
Facebook
Twitter
LinkedIn
Pinterest

– Outsourcing –
Upgrade with our Kahunas. We’ll take your concerns (and problems) so you can do what you do best.

– Modernization –
Throw away that old tech! Take advantage of artificial intelligence, cloud apps, and fortified backups.

– Cybersecurity –
Don’t understand cybersecurity?Strengthen your IT systems with your personal Tech Kahuna.

– Compliance –
Compliance is boring–but many businesses still need to do it! We’ll help you with that, too.

Wield the Kahuna Shield

Schedule a strategy session

Get Our FREE C-Suite and Business Owner's Guide
to Cybersecurity
csuite-ebook-homesplash
Latest posts
Follow us

Get Our FREE Accountant's Guide to the FTC Safeguards Rule Ebook!

The New FTC Requirements
That Will Change the Way You
Do Business

Get Your FREE Copy!​

Sign up to learn how you can protect against cybercrime

Nullam quis risus eget urna mollis ornare vel eu leo. Aenean lacinia bibendum nulla sed 

If today your business was hacked and you were at risk of losing it all...
Do you have a plan?
We will not spam, rent, or sell your information.

Nullam quis risus eget urna mollis ornare vel eu leo. Aenean lacinia bibendum nulla sed 

Join our newsletter and get a 20% discount
Promotion nulla vitae elit libero a pharetra augue