Report: Healthcare industry unable to protect patient records

A new report from the Ponemon Institute indicates the healthcare industry is ill-equipped to protect healthcare records.

| May 10, 2015 at 6:26 pm CDT

The healthcare industry is embracing technology, but isn't properly prepared to keep employee and patient data secure from hackers, according to a report from the Ponemon Institute. Ninety-one percent of healthcare companies that participated in the survey reported at least one data breach in the past two years, according to the "2015 Study on Privacy and Security of Healthcare Data" report.

Report: Healthcare industry unable to protect patient records | TweakTown.com

Not surprisingly, the healthcare industry is paying more than $6 billion per year related to data breaches and associated cybersecurity incidents. Companies must do more to improve their cybersecurity protocols, and should be proactive in discussing any problems with their customers.

"Organizations in the healthcare space are not playing their 'A game' in terms of security and data protection," said Larry Ponemon, founder and CE of the Ponemon Institute, in a statement. "There are some exceptions, but generally speaking, healthcare providers either lack the resources, staff or the technical innovations to meet the changing cyber-threat environment."

Compromised medical data records are valuable on the black market, with values up to $70 per stolen file, cybersecurity experts report.

Last updated: Jun 16, 2020 at 04:29 pm CDT

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