Cyber Resilient Vendor Relationships for Healthcare’s Threat Landscape
September 14, 2020
A healthcare third-party vendor breach can have a devastating impact on multiple entities, which means it’s crucial to have cyber resilient vendor relationships to keep pace with these threats.
– The threats targeting healthcare continue to increase in both their frequency and sophistication. And if the latest third-party vendor security incident is any indication, the need for developing a cyber resilient vendor management process will be crucial to reducing risks to the enterprise.The 2020 Blackbaudincident is one of the best examples of just how great an impact a seemingly simple breach can have when it impacts a vendor. The cloud computing vendor provides services to a range of nonprofits, healthcare systems, and hospitals.
The ransomware attack in question occurred between February 7 and May 20, 2020. Much like other double extortion incidents reported this year, the hackers exfiltrated a subset of data from a self-hosted environment belonging to Blackbaud’s clients before the hackers were locked out of the system.