The Privacy and Security Concern
According to RoyalJay.com (see infographic below), data breaches cost the US healthcare industry over $6 billion a year. In the last two years, 94% of healthcare organizations have experienced a data breach, with 40% reporting at least five breaches.
Despite the prevalence and cost, over half of the healthcare organizations in the US still do not have the technologies or expertise needed to prevent or quickly detect a data breach.
This lack of resources has created a pivotal shift in the industry:
Criminal attacks are now the number one cause of security breaches in healthcare, increasing 125% since 2010 and the trend looks set to continue.
In 2015, over 93 million health records were exposed in three of the largest data breaches in history.
But, why are more criminals targeting the healthcare industry?
Patient records are estimated to be worth 50x what a credit card number is worth on the black market.
The healthcare industry now has a big red target painted on it’s back…SPECIFICALLY CIOs.
If you need help adding to your privacy and security expertise – give us a call and we can help find the protector your provider needs.
Source: Royal Jay