Cyber Security is a real & ever-present concern for any organization. It is even so in the healthcare sector where there is an enormous amount of data that is sensitive and can be easily used for malicious attack if there are no proper safeguards. While IT and Security plays a bigger role in devising a security solution to meet the organization’s need, Procurement still plays an important role in it because of the access to sensitive data which consist of both internal, clients and supplier information.
Factor #1 – Information at Risk
Procurement being in a strategic role has access to valuable information such as: payment information such as credit card and bank account details; company information and personal information such as patient profile. Other information such as stock records on the medication and supplies are also affected as dispensing the wrong type or in the wrong amount could be critical for the patients involved.
Hackers are aiming for this information because this information are valuable and can be used for malicious purposes such as medical frauds, ransom or death threats. These will cost money to recover. Procurement must be very careful because a cyber security attack could disrupt the digital system and the information obtained can also be used for disruption to control spending.