New data gathered by Fortified Health Security has revealed that 40 million Americans have been affected by healthcare data breaches that occurred in 2019. This is an increase of 65% when compared to 14 million individuals affected in 2018.
More details from the study
Strict agreements under OCR
In the first 10 months of 2019, a total of eight resolution agreements were made between the Office for Civil Rights (OCR) and healthcare organizations. Each agreement included a steep fine, averaging more than $1.6 million, and corrective action plans that the organization is required to make to improve its cybersecurity program.
Bottom line
The Radware 2018-2019 Global Application and Network Security Report had disclosed that the average healthcare organizations are spending $1.4 million to recover from a cyberattack. In addition to these, the U.S healthcare system is spending hundreds of billions of dollars annually to boost its administrative costs and data loss prevention initiatives. As adversaries continue to utilize email as their weapon of choice, it is also very critical that every healthcare organization should develop and implement a simulated phishing program to make their cybersecurity effective and resilient.Publisher