Forbes August 26, 2018
Andrew Arnold

Data breaches are the nightmare of every major industry. When they occur, the aftermath costs of fixing the problem can be huge. According to a global study conducted by IBM and Ponemon Institute, in 2017 the cost of a data breach that occured in a major company averaged $3.62 million.

The healthcare industry suffers the highest toll in terms of the cost of breaches, being about $380 per single compromised patient record, which is 2.5 times the global average when compared to other industries.

The other major issue with healthcare is that it is a heavily regulated industry in terms of privacy, and for good reason. Personal healthcare information, along with all of the other data therein (birthdates, social security...

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