Healthcare data breaches will cost industry $4 billion by year's end, and 2020 is poised to be worse

[InfoSec News <alerts () infosecnews org>]

https://www.healthcarefinancenews.com/news/healthcare-data-breaches-will-cost-industry-4-billion-years-end-and-2020-poised-be-worse

By Jeff Lagasse
Associate Editor
Healthcare Finance
November 4, 2019

It's difficult to stay ahead of data breaches, and healthcare leaders seem to 
largely agree that it's only getting more challenging -- and that's bad news 
for the financial health of the industry, as data breaches are projected to 
cost healthcare $4 billion by the end of the year. 2020 could be even more 
costly.

NInety-six percent of IT professionals in a new Black Book Market Research 
survey agreed with the sentiments that data attackers are outpacing their 
medical enterprises, holding providers at a disadvantage in responding to 
vulnerabilities.

Thus far in 2019, healthcare providers continued to be the most targeted 
organizations for industry cybersecurity breaches with nearly 4 out of 5 
breaches, whereas successful attacks on health insurers and plans maintained 
with more sophisticated information security solutions had little change year 
to year. More than half of all provider breaches were caused by external 
hacking according to respondents.

[...]



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