Healthcare IT Today August 30, 2024
The following is a guest article by Dylan Border, Director of Cybersecurity at Hyland
Healthcare continues to be the most costly industry for data breaches, a distinction the sector has held for 14 consecutive years.
To be fair, the average cost of a healthcare data breach has fallen by roughly 11% since 2023, according to IBM’s latest Cost of a Data Breach report. But even so, the average price tag for a data breach in the healthcare industry sits at a staggering $9.8 million. That’s $3.7 million higher than the average fallout of a data breach in the financial industry, the sector with the next most costly breaches.
The frequency of attacks is equally alarming. In 2023, an average of...
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