HealthExec July 31, 2024
No industry has taken cybercrime on the chin more than healthcare over the past 13 years. That trend continues in 2024, as global data breaches cost healthcare $9.77 million between March 2023 and February 2024.
Even though the figure represents a 10.6% drop from the parallel period in 2023, it still places healthcare far ahead of the second costliest industry for breaches. That would be financial services, which absorbed $6.08 million in breach costs.
The findings are from IBM, which this week released its 2024 report on the subject.
Commenting on healthcare’s unchallenged status as the hardest-hit industry in the world, the report’s authors note that healthcare “remains a target for attackers since the industry often suffers from existing [legacy]...
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