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Mergers and Acquisitions

Growing through mergers and acquisitions often means growing overall risk exposure

M&A can introduce potential hidden cyber risks

According to a study from University of Texas at Dallas, merging hospitals double their chances of experiencing a data breach the year before a merger and a year after an agreement is made. This could include:

  • Data security risks due to the consolidation of large amounts of patient data (PHI), financial data, and other sensitive and confidential information
  • Gaps and vulnerabilities from disparate IT systems and unpatched applications which can result in unauthorized access to sensitive data
  • Employees not properly trained on cybersecurity and privacy policies and procedures such as how to safeguard patient safety
  • Compliance risks related to regulations such as HIPAA
  • Blending of EHR and IT systems that may be incompatible and increased media attention on the hospitals that grabs hackers' attention
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Surface hidden cyber risks during mergers and acquisitions with Censinet

Take the risk out of strategic growth and M&A

  • Conduct regular security assessments and audits to identify and address new security risks as they arise including due diligence to identify potential infrastructure and data vulnerabilities
  • Close gaps and align security plans that include consistent policies, procedures, and technical controls to protect against data breaches and other security incidents
  • Develop a culture of security awareness and training to ensure that all employees are aware of their responsibilities and understand the importance of protecting sensitive data
  • Ensure that all systems and applications are regularly updated and patched to address known vulnerabilities
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