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According to an IBM report, the average cost of a data breach in 2019 was $3.92 million, while a healthcare industry breach usually costs $6.45 million. However, the average cost of a healthcare data breach (average breach size 25,575 records) in the U.S. is $15 million. [16]
It is estimated that the average cost of a data breach will be over $150 million by 2020, with the global annual cost forecast to be $2.1 trillion. [ 2 ] [ 3 ] As a result of data breaches, it is estimated that in first half of 2018 alone, about 4.5 billion records were exposed. [ 4 ]
Federal and state governments, insurance companies and other large medical institutions are heavily promoting the adoption of electronic health records.The US Congress included a formula of both incentives (up to $44,000 per physician under Medicare, or up to $65,000 over six years under Medicaid) and penalties (i.e. decreased Medicare and Medicaid reimbursements to doctors who fail to use ...
According to data breach reports submitted to federal regulators, 161 million individual records have been stolen from over 850 health care providers in the past two years alone. Federman said ...
The Kaiser Foundation Health Plan confirmed that 13.4 million residents had their information taken in a data breach, as per a legally required notice filed with the U.S. government on April 12 ...
More than 1 million people's information, potentially including anything from Social Security numbers to diagnoses, has been exposed.
Medical data, including patients' identity information, health status, disease diagnosis and treatment, and biogenetic information, not only involve patients' privacy but also have a special sensitivity and important value, which may bring physical and mental distress and property loss to patients and even negatively affect social stability and national security once leaked.
Cyberattacks on businesses are rising, including small businesses. According to the Verizon 2023 Data Breach Investigations Report, the median cost per ransomware attack — which features a type ...