Absolute today announced the launch of Absolute DDS for Healthcare, a new offering tailored specifically to serve its healthcare customers. Absolute DDS (formerly Absolute Computrace) for Healthcare includes added support that helps customers determine healthcare compliance and regulatory exposure in the event of a data breach.
The National Cybersecurity Center of Excellence (NCCoE) at the U.S. National Institute of Standards and Technology (NIST) just released a draft of its first cybersecurity practice guide, “Securing Electronic Health Records on Mobile Devices.” The document serves as a “how to guide” with a solution on how to secure PHI with ideas consistent with cybersecurity standards and best practices.
Healthcare IT is undergoing a complex and challenging transformation. Today healthcare IT departments must not only keep up with ever-changing regional and global regulations surrounding protected health information (PHI), they also have to stay one step ahead of cybercriminals and situations that could lead to data breaches—even if they’re accidental.
Today’s healthcare organizations are under pressure to increase the affordability, quality and efficiency of patient care, all while streamlining costs and staying compliant with ever-changing regulatory legislation. Those demands alone are enough to strain resources to the breaking point. However, recent studies show that protecting patient information is one of the biggest challenges that modern health practices face.
Earlier this year, we penned an article asking, HIPAA is Outdated: Does it Need an Update? In the article, we address the growing rate of healthcare data breaches, as well as the growing cost associated with these breaches, and posit that HIPAA may not be keeping up with the current issues of healthcare data protection.
2015 has been called the “Year of the Healthcare Data Breach,” and the year is only half over. The average cost of a data breach in healthcare is $5.9 million, higher than in any other industry. The 2015 HIMSS Cybersecurity Survey recently revealed that 68% of healthcare organizations experienced a significant security incident in the past year. Cybersecurity was identified as an increased priority in 87% of organizations, as cyber attacks become more common.
2015 has oft been cited as the “Year of the Healthcare Data Breach,” and sure enough the data for the year has been supporting this. The average cost of a data breach is highest in healthcare than in any other industry, up now to $5.9 million per breach. With healthcare data breaches on the rise, being more targeted now than at any other time, and with the cost per breach rising, healthcare is being set a stiff challenge to protect sensitive data. Compounding this challenge is the fact that healthcare organizations face more “risky” scenarios than ever before.
The Ponemon Institute and IBM recently released the 2015 Cost of Data Breach Study which indicates that costs associated with data breaches continue to rise. The cost of a data breach in 2014 was $154 per record, up from $145 in 2013, a 6% increase. The average cost of a data breach to an organization increased 23% over the past 2 years to $3.79 million. In the case of mega-breaches, those which affected millions of people, the costs are even higher (and are not reflected in these average costs).