Importance of Cyber Security

Cyber-attacks are on the rise and in the news consistently. The world is seeing a significant increase in
cyber based threats and any type of healthcare organization continues to be a prime target.

Cyber claims for pharmacies in Ontario have ranged from $25,000 to upwards of $1,000,000 and those
pharmacies attacked have lost profits and, at times, critical data while they worked to recover.

Are you protected?

OPA members should consider the following cyber risk-management guidelines:

  • Develop a cyber incident response plan – who would you call if you did suffer a cyber attack?
  • Review contracts with IT and EMR providers to see how they would respond and/or protect your pharmacy should a cyber attack occur
  • Consider cyber/privacy breach insurance to help navigate the process, while at the same time providing coverage for the out-of-pocket costs and potential liability claims that arise as part of a breach

The OPA and HUB International have worked to secure competitive coverage with leading cyber
insurers. A quote can usually be turned around in a couple of days with minimal underwriting questions. Also, a
privacy breach/cyber policy can share a single limit over multiple locations, which is a definite benefit for
multi-location pharmacy owners/groups.

Please contact the OPA HUB team at [email protected] or 1-855-672-7672 to discuss what privacy breach/cyber insurance options would suit your pharmacy operation best.