Cyberattacks: The Next Health Care Epidemic

News stories involving the breach of patient data are unfortunately no longer infrequent occurrences. The health care industry is experiencing major breaches in security including identity theft and ransomware. And odds are that it is an inside job, whether unknowingly or with malicious intent.

According to the “2016 Ponemon Cost of Data Breach Study,” the average total cost of a data breach for the 383 companies participating was $4 million, and the health care industry had the most costly data breaches, at an average cost of $355 for each lost or stolen record. That’s 2.2 times higher than the industrywide average.

But there are things that can be done to protect your organization and your patients. View this infographic to learn how pressing business concerns can impact your security posture.

Learn how IBM Security can help you make better-informed decisions about the threats your business faces

Security Intelligence Staff

Cost of a data breach 2023: Healthcare industry impacts

3 min read - Data breaches are becoming more costly across all industries, with healthcare in the lead. The 2023 Cost of a Data Breach Report analyzes data collected from March 2022 to March 2023. Healthcare remains a top target for online criminal groups. These data breach costs are the highest of any industry and have increased for the 13th consecutive year. Healthcare is a highly regulated industry that the U.S. government considers critical infrastructure. As such, recent federal privacy standards, security standards and…

Cyberattackers target the Latin American health care sector

3 min read - Cyberattacks on the healthcare sector are a growing threat in Latin America, and the large amount of confidential data these organizations handle makes these attacks a top concern. The value of healthcare data in the illegal market, such as the personal, medical and financial information of patients and healthcare companies, creates an appealing target for threat actors. This can have serious consequences for the privacy and information security of these organizations. Cyberattacks could lead to reputational risks, interruption of operations,…

Increasingly sophisticated cyberattacks target healthcare

4 min read - It’s rare to see 100% agreement on a survey. But Porter Research found consensus from business leaders across the provider, payer and pharmaceutical/life sciences industries. Every single person agreed that “growing hacker sophistication” is the primary driver behind the increase in ransomware attacks. In response to the findings, the American Hospital Association told Porter Research, “Not only are cyber criminals more organized than they were in the past, but they are often more skilled and sophisticated.” Although not unanimous, the…

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Cost of a data breach 2023: Healthcare industry impacts

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