How the Healthcare Industry Scored in Data and Security Breaches

Healthcare organizations contain a treasure trove of data that can be used for many purposes and with this, they have to deal with the harsh reality of being a target of cybercriminals, social engineers, data breach, and others.

Based on OCR’s list of Breach of Unsecured Protected Health Information as required by section 13402(e)(4) of the HITECH Act, the alarming cases under investigation has shown that the highest breach leading cause is Hacking/IT Incident (72%) with a Network Server (51%) and Email (49%). Consistent with that of the past years’ stat, there seems to be no slowing down in the amount of breaches being experienced by healthcare community.

More importantly, as reported in Cost of a Data Breach Report 2020 by IBM and Ponemon Institute, the global average total cost of a data breach in 2020 is $3.86 million which is caused mostly by malicious attacks.

By industry, healthcare has the highest average cost of $7.13 million with $150 Customer PII (Personally Identifiable Information) data cost per record.

Even so, alarming as it might seem, there is nothing insurmountable so long as everyone works together in this. In that same report, the effective security measure that shows the greatest potential cost reduction in data breach is by having Incident Response and Security automation solutions including AI (Artificial Intelligence), analytics and orchestration.

Having fully deployed security automation could save an organization an average total cost of $3.58 million and consequently, by having an Incident Response team that tested their IR plan vs. those with no IR Team or testing could save an average total cost of $2 million in data breach.

Data-Guard 365 has come up with top 6 best response on data breach: emergency preparedness guide.

Now, more than ever, there is a need for a fierce cybersecurity solution with advanced AI technology, end-to-end security risk assessments, comprehensive policies and procedures, HIPAA compliance support and employee security awareness training.

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Rina Brinas, Cybersecurity Marketing Specialist, Data-Guard 365

Data-Guard 365 is a MSSP firm headquartered in Indianapolis, Indiana, with offices in Chicago, Atlanta, and other strategic locations across the globe. The company is a one-of-a-kind business partner whose people, processes, and technology provide armored cybersecurity for a price point that pays for itself. 

www.Data-Guard365.com / (317) 967-6767 / info@data-guard365.com