Can Your Practice Afford a Data Breach?
Probably not.
A recent study found that the total average cost of a healthcare breach is $10.10 million.
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Can your healthcare practice afford a breach? Most healthcare entities cannot.
Since 2020, healthcare breach costs have risen by 42%.
As we know healthcare breaches are incessant, it is important to understand trends.
The trends that have emerged over the past few years are:
- Repeat attacks. Many healthcare entities have seen repeat attacks. Organizations with automated security systems were able to shorten the breach lifecycle and mitigate the damage caused by the breach.
- Consistent causes. The most common cause of data breaches were stolen credentials. Ransomware also continues to plague healthcare entities, with ransomware increasing by 41% in