Lexology March 4, 2024
The healthcare sector is increasingly facing cyber-threats with ransomware and hacking at the forefront. In the last five years, there has been a staggering 256% rise in significant hacking-related breaches and a 264% surge in ransomware incidents reported to the U.S. Department of Health and Human Services (HHS) Office for Civil Rights (OCR). Hacking alone was responsible for 79% of the major breaches reported to OCR in 2023. These breaches have had a profound impact, affecting over 134 million individuals in 2023 alone, marking a 141% increase from the previous year. In response to rise in cyber-threats within the healthcare industry covered entities and business associates subject to the Health Insurance Portability and Accountability Act (HIPAA) should be proactive in...
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