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...

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Topics: Cybersecurity, Govt Agencies, Health IT, Health System / Hospital, Insurance, Patient / Consumer, Payer, Provider, Survey / Study, Technology, Trends
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