Insureon Blog

Healthcare Businesses Beware: Medical Data Worth 10x as Much as Credit Card Numbers

13. October 2014 08:08

nurse on a laptop

As if you didn’t have enough on your plate, small healthcare business owners – with all that life-saving work you do – the Insurance Journal reports that your patients’ health records can fetch a pretty penny on the black market – about ten times the rate of a stolen credit card, to be exact. This explains why the annual survey by the Ponemon Institute found that cyber attacks on healthcare organizations has risen to 40 percent in 2013 from 20 percent in 2010 – a 100 percent increase.

That means, in addition to all the other work demands you must contend with, you also have a pesky target on your back.

Let’s take a look at why health records are so lucrative and what healthcare professionals can do to keep their valuable information away from prying eyes.

Why Healthcare Providers Are Top Prey for Hackers

A healthcare provider’s cyber vulnerability is a perfect storm that involves…

To learn more about the risks healthcare businesses face, read, “Allied Health Professionals: Why Your Data Isn't Safe.”

Locking Up Shop: How to Protect Patient Data

You already know that exposing patient data is more than just a headache for your business. Federal HIPAA and HITECH laws demand that you protect confidential health information. The following tips can help you comply:

It seems these days, you can never be too careful when it comes to protecting your data. That’s why, in addition to these safe practices, all healthcare businesses should carry Cyber Liability Insurance. This coverage steps in after a breach to help you pay for…

To learn more, check out our post, “4 Reasons Your Business Should Have Cyber Liability Insurance.”

how is your business exposed

Tags:

Allied Health Insurance | Cyber Risk Insurance | Data Breach | HIPAA | Small Business Risk Management

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