Whether you’re a provider, an insurer, or a business associate, as an organization doing business in the healthcare vertical, you are a target.

Healthcare Threat Landscape in 2020

560

Ransomware Attacks

No. of healthcare orgs affected by ransomware

614

Security Breachs

No. of breaches of 500 or more records

$429

Cost per record

The average cost per stolen healthcare record

The highest cost of any industry vertical (finance is $210/record while the overall average is $146)3

187

Days

The average number of days to discover a breach

40,735,428

Total number of patients impacted across 758 breaches in 2020.

Average cost of a healthcare breach

$7.13m

Challenges healthcare security teams are facing

Alert Fatigue

Cybersecurity professionals struggle to keep up with alerts and complex SIEM tools. 7

Resource Constraints

An estimated 3.5 million unfilled cybersecurity jobs globally.8

Budgetary Constraints

6% of a healthcare organization’s budget is allocated to cybersecurity on average9, less than half what is typical in finance.10

Staff Retention

With limited budgets and a shortage of available talent, healthcare organizations struggle to find and keep security analysts.

Why automation-driven solutions are the answer.

Automation delivers significant and quantifiable value.

$3.58m

Cost Savings

$3.58 million is the average cost savings of fully deployed security automation vs. no automation.11

24%

Shorter Dwell Times

Organizations saw a significan’t reduction in dwell times with deployed security.12

65%

Faster Alert Resolution

Nearly twice as many teams (65%) with high levels of automation resolve alerts the same day vs. those without.13

30k(pb)

Reduced Manual Effort

Average 30K exposed folders per PB, that take 6-8 hours(each) to manually remove global access.14

Automation enables continuous threat hunting.

Threat hunting is critical for proactive security, but manual execution makes it too expensive and out of reach for most security operations.

But,

deploying automation is often out of reach for the majority of organizations that are already under resourced…

Budget

Expertise

Time

Automation

That’s why you need a managed approach to automated detection and response.

How LogicHub’s automation-driven MDR does more for your security operations.

>95% False Positive Reduction

Automated alert triage and expert investigations virtually eliminates false positives, delivering only confirmed threat cases to your team.

>20X Efficiency Gains

By automating 95% of time consuming manual tasks, LogicHub makes security analysts 20X more efficient, letting them stay focused on real threats.

Low Barrier to Entry

Expert installation, configuration and management delivers security automation without the typical steep learning curve or expensive overhead.

80% TCO Reduction

Automation-driven MDR delivers extensive savings on operating overhead and infrastucture, significantly reducing the total cost of detection and response.

24/7 Protection Without Overhead

Around the clock managed detection and response keeps you protected at a fraction of the cost of staffing it on your own.

Best Practices Approach

LogicHub’s detection and response processes are built around best practices like MITRE ATT&CK to deliver accurate, consistent and reliable outcomes.

1 HIPAA Journal
2 HIPAA Journal
3 2020 Cost of a Data Breach-Ponemon
4 2021 Breach Barometer-Protenus, Inc.
5 2021 Breach Barometer-Protenus, Inc.
6 2020 Cost of a Data Breach-Ponemon
7 2020 state of SecOps and automation-dimensional research

8 https://cybersecurityventures.com/jobs/
9 2020 HIMSS Cybersecurity Survey
10 The 2020 Healthcare Cybersecurity Report - Cybersecurity Ventures
11 2020 Cost of a Data Breach-Ponemon
12 2020 Cost of a Data Breach-Ponemon
13 2020 State of SecOps and Automation-Dimensional Research
14 Varonis 2021 Healthcare Data Risk Report

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