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Ponemon Institute: 90% of healthcare companies lose patient data

Around 90 percent of healthcare organizations have lost patient data - a frightening statistic as cybercriminals enjoy stealing medical data

Michael Hatamoto | Aug 20, 2014 at 03:50 pm CDT (0 mins, 49 secs reading time)

The healthcare industry is still being slammed by cyberattacks, with 90 percent of organizations losing patient data at one time or another, according to research from the Ponemon Institute. It's a frightening thought because the medical industry faces more data breaches than the military and banking industries combined.

Ponemon Institute: 90% of healthcare companies lose patient data | TweakTown.com

Cybercriminals have shown great interest in targeting the healthcare industry, as stolen records are worth more on the underground market. Credit card information can fetch around $1 per stolen record, but medical data earns up to $50+ per stolen credential.

"They can't keep up [with hackers]," said J.D. Sherry, Trend Micro security firm adviser for hospitals and healthcare organizations. "Their resources are tremendously overwhelmed. With day-to-day business, IT security is not top of mind."

The medical industry has suffered at least 204 incidents so far in 2014 alone, amounting to half of serious data breaches. At least 2.1 million records have been impacted, not including 4.5 million patient names and information compromised in the recent Community Health Systems (CHS) data breach.

Last updated: Sep 1, 2017 at 05:35 am CDT

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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