Data breaches have cost the healthcare industry nearly $6.2 billion in the last two years as criminal attacks surged, according to a new Ponemon Institute study.
The fifth benchmark study found that cyber attacks in the industry are up 125 percent since 2010.
“We are seeing a shift in the causes of data breaches in the healthcare industry, with a significant increase in criminal attacks,” said Dr. Larry Ponemon, Chairman and Founder, Ponemon Institute. “New cyber threats, such as ransomware, are exacerbating the problem.”
Researchers found small- to middle-market organizations are at a greater risk for a data breach, as they face limitations in personnel, technology, and budgets compared to large enterprises.
Other key findings from the study include:
Listen to a pre-recorded press webcast at http://bit.ly/1F26LJ2, with Dr. Larry Ponemon and Rick Kam to hear other highlights of the study.
Chivaroli and Associates Insurance Services is a full-service brokerage firm specializing in the custom-design and placement of insurance and alternative risk funding solutions for your healthcare organization.