Data breaches cost companies an average of $221 per compromised record. Heavily-regulated industries, like healthcare, tend to have per capita data breach costs substantially higher than the overall mean. In fact, according to an American National Standards Institute (ANSI) survey of institutions who experienced a reported breach, healthcare breaches can cost $8,000 to $300,000, in addition to any U.S. Department of Health and Human Services’ Office for Civil Rights (OCR) penalty or settlement.
Healthcare data contains a wide range of identifying information, including social security numbers, birthdates and home addresses. This makes health information very valuable, necessitating effective breach prevention and incident response plans. Here are five best practices.
