HIT Consultant May 22, 2024
Arun Shrestha, CEO and Co-Founder of BeyondID

Between January 1 and April 1, 2024, at least 16.6 million individuals were impacted by data breaches across the healthcare industry. Of those, 16.3 million – or 98 percent – were hacking/IT incidents according to the HIPAA Breach Report generated by the U.S. Department of Health and Human Services. The financial implications of these breaches are staggering with some industry estimates the impact to top $1 trillion.

The healthcare sector has become the most vulnerable and targeted industry for cybercriminals, with the average cost of a breach reaching an unprecedented $10.93 million, more than double the average of the next closest industry. These costs can have far-reaching consequences, affecting both the organization’s bottom line and its ability to deliver...

Today's Sponsors

Venturous
Got healthcare questions? Just ask Transcarent

Today's Sponsor

Venturous

Continue Reading

 
Topics: Cybersecurity, Govt Agencies, Health IT, Health System / Hospital, Insurance, Patient / Consumer, Payer, Provider, Survey / Study, Technology, Trends
Related Articles:
HIMSS 2025: Four big themes of the health conference
Weak cyber defenses are exposing critical infrastructure — how enterprises can proactively thwart cunning attackers to protect us all
B2B Healthcare Procurement Has a Growing Hacking Problem
Critical infrastructure at state, local levels at heightened risk of cyberattacks
MedCity Pivot Podcast: Being Clear About Cybersecurity

Share This Article