New partnership deal announced, which will help protect the data of many pharmacy users. Here’s the word;
NPA Insurance has appointed cyber insurance specialist OSR to provide its members with protection from cyber-attack. This announcement comes as community pharmacy takes on a more intrinsic role within the provision of primary healthcare and the growth of e-pharmacy.
As technology becomes indispensable within community pharmacy, the vulnerabilities to cyber threats continue to grow – from data theft and corruption to financial losses and danger to customer safety. Community pharmacy might not be the first industry associated with cyber threats, but its reliance on technology for functions such as electronic prescriptions, patient record management and online services has made it increasingly vulnerable.
Cyber-attacks can have a huge and damaging effect on all areas of pharmacy business – from loss of revenues and the inability to access online systems to handling customer complaints and running the day-to-day business. Unfortunately, however, the urgent need for protection against cyber-crime is still neither fully recognized nor understood and consequently not perceived as an insurable risk.
Commenting on the new partnership, Julie Dawson, (above) Business Development Manager at NPA Insurance said:
“NPA Insurance wanted to work with a partner who could provide its members with strategies to protect their business and their customers from the very real and growing threat of cyber-attack. We’re delighted to be working with the team at OSR to help our members mitigate emerging cyber-related risks through the delivery of specialist cover”.
The cover provided by OSR’s Optimum Cyber Plus policy offers NPA Insurance members with a range of benefits to protect their businesses, including round-the-clock access to an emergency response team, cover for network interruption losses and cloud, remote or outsourced locations, through to cover for e-theft losses and liability and compensation costs associated with a data breach.
Freddy Knight, Innovation Director at OSR, commented on the new partnership with NPA Insurance:
“As a specialist provider of cyber insurance, our team really understands the unique cyber risks inherent to community pharmacy. We will delve into practical ways to mitigate these risks and explore how cyber insurance can be an integral part of pharmacies’ overall security strategy. We will be working with NPA Insurance to help its members navigate the complexities of cyber security and provide solutions to protect community pharmacy and its customers”.
NPA Insurance has been protecting pharmacies and pharmacists from emerging risk for over 120 years – with cyber-crime threatening to be one of the most menacing in 2024.
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