Healthcare Data Breaches Still Rank No. 1 Above All Industries

March 19, 2019

The latest monthly data breach insights report from Beazley Breach Response confirms healthcare’s continued status as the top industry for data breaches.

What’s driving these incidents? According to the company, it’s a tie – hacks/malware and unintended disclosure are the two biggest reasons healthcare data may be lost or fall into the wrong hands.

And the average cost of a stolen healthcare record? According to the 2018 Cost of a Data Breach Study from IBM, healthcare also suffers the highest costs associated with such incidents – $408 per lost or stolen record.

Medical practices big and small are all subject to data loss or theft. To set best practices for your care environment, consider this guidance. The U.S. Department of Health and Human Services (HHS) released this extensive cybersecurity resource earlier this year, and ISMIE’s risk management team offers a broad assortment of medical record security coursework and up-to-date information to help shape your policies and procedures.

And remember that your ISMIE coverage provides cyber liability protection at no extra cost with the option of higher limits protection to fit any practice.
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