IN 2022 , THE AVERAGE COST OF A DATA BREACH IN HEALTHCARE WAS $ 10.1 MILLION , WHICH IS MORE THAN DOUBLE THE INDUSTRY AVERAGE OF $ 4.4 MILLION .
INFOGRAPHIC
TRUSTWAVE SPIDERLABS CYBERSECURITY IN THE HEALTHCARE INDUSTRY : ACTIONABLE INTELLIGENCE FOR AN ACTIVE THREAT LANDSCAPE
Data security is a challenge in the healthcare industry that ’ s bordering on a crisis . By its very nature , health-related data represents the most intimate and personal information we possess . Consequently , personal health information ( PHI ) has become a highly coveted target for attackers , who exploit its confidential nature to extort payers , providers , and other entities within the healthcare ecosystem .
The US Department of Health and Human Services reports that more than
28.5 million healthcare records were breached in 2022 , a significant increase from 21.1 million in 2019 . Notable recent headlines include the MediBank data breach that impacted 9.7 million customers , a ransomware attack on PharMerica that exposed medical data of 5.8 million patients , and SMP Health , a hospital that was forced to shut down after its inability to recover from a ransomware attack .
Due to the sensitive nature of healthcare data and the regulatory requirements that healthcare organisations must comply with , the financial impact of a breach in the healthcare industry far surpasses other industries .
In 2022 , the average cost of a data breach in healthcare was $ 10.1 million , which is more than double the industry average of $ 4.4 million , according to data from the Ponemon Institute .
The gravity of the situation goes far beyond the compromise of data or the risk of financial impact . In the healthcare sector , the stakes involve matters of life and death . Ransomware attacks causing disruptions in hospitals have already been linked to
IN 2022 , THE AVERAGE COST OF A DATA BREACH IN HEALTHCARE WAS $ 10.1 MILLION , WHICH IS MORE THAN DOUBLE THE INDUSTRY AVERAGE OF $ 4.4 MILLION .
20 www . intelligenthealth . tech