Hospital & Healthcare Management September 30, 2023
Healthcare institutions have been increasing their investments in both preventive and reactive cybersecurity solutions due to the ever-changing threat landscape. It is estimated that the healthcare industry will spend approximately $125 billion on security measures between 2020 and 2025.
Despite these efforts, the U.S. Department of Health and Human Services Office for Civil Rights (OCR) regularly investigates numerous reported breaches of unsecured protected health information, with a significant portion of compromised patient data originating from network file servers.
These breaches come with severe financial, operational, regulatory, and reputational consequences. According to a 2023 IBM report, the average cost of a healthcare data breach has surged to almost $11 million and continues to rise, largely due to hacking incidents, including ransomware...
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