“In today’s environment, the core of any security strategy needs to shift from breach prevention to breach acceptance.” – Gemalto, data security firm

Data breaches cost the US healthcare industry over $6 billion a year.

In the last two years, 94% of healthcare organizations have experienced a data breach, with 40% reporting at least five breaches.

Despite the prevalence and cost, over half of the healthcare organizations in the US still do not have the technologies or expertise needed to prevent or quickly detect a data breach.

This lack of resources has created a pivotal shift in the industry:

Criminal attacks are now the number one cause of security breaches in healthcare, increasing 125% since 2010.

And the trend looks set to continue.

In 2015, over 93 million health records were exposed in three of the largest data breaches in history.

But, why are more criminals targeting the healthcare industry?

Patient records are estimated to be worth 50x what a credit card number is worth on the black market.

Bottom line:

The healthcare industry now has a big red target painted on it’s back…

And concerned CEOs, board members and patients are asking more questions about security and the costs associated with a data breach.

To answer some of those questions, our team has put together a detailed infographic based on The Fifth Annual Benchmark Study on Privacy and Security of Healthcare Data by Ponemon Institute. It breaks down the impact data breaches are having on the US healthcare industry, covering everything from prevalence rates, cost to patient and provider, notable breaches, types of data stolen, vulnerabilities and action items for minimizing risk.

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Source: Royal Jay