Healthcare: Top Target for Data Theft
Healthcare: Top Target for Data Theft

One in four U.S. consumers (26 percent) have had their healthcare data breached from technology systems, according to an Accenture survey. Unfortunately, it’s no longer a question if a breach will occur, but when…

By 2024, everyone in the U.S. will have had their health care data compromised — especially if online theft keeps accelerating at the current pace…

Easy targets, big financial penalties

The proliferation of digital records and lax or outdated security protections makes the healthcare industry an easier target. The healthcare industry accounted for 43.8% of all breached records and 36% of breaches in 2016, affecting more than 15 million records.

Experian reports that criminal interest is expanding to include hospitals, whose distributed networks are more complicated to secure and who are most likely to respond to ransomware attacks.

Unfortunately, most organizations are unprepared to deal with the fallout of a breach – or the considerable financial burden that goes along with it. Healthcare data breaches have become more expensive than ever, thanks to increased HIPAA-related finesclass action lawsuits and independent investigations and fines from the FTC.

Nationwide, IT breaches cost the industry more than $6 billion annually—a number that continues to grow each year, according to the Ponemon Institute.

In-demand data, difficult to manage

The high value of healthcare data – paired with the complexity of widely hospital networks and the growing threats of mobility, IT decentralization (shadow IT) and the cloud – has combined to create an attack environment that isn’t easy to manage.

These problems are exacerbated by the transient movements of medical professionals, contractors and vendors. The healthcare industry faces 340% more security incidents than the average industry. Just one successful incident could cost millions of dollars and years of litigation to resolve.

Despite what has been a multi-year increase in healthcare data breaches, and a responsive increase in spending on security, the “story” in healthcare hasn’t been changing. A report by Tenable gave the healthcare industry a ‘D’ in cybersecurity, indicating that the healthcare industry lags in its ability to address vulnerabilities once they’ve been found.

Multilayered security, better visibility

They key to turning the tide in healthcare lies in building greater automation and more visibility into a layered security model. These security layers must work together to create the kind of defense that can quickly spot anomalies and respond automatically to block, isolate, fix if needed, and instantly remediate any threats.

Absolute brings a new approach to enterprise cybersecurity with a focus on the self-healing endpoint. We give healthcare organizations uncompromised visibility into dark endpoints and the ability to deploy real-time remediation of breaches at the source. Absolute’s cloud-based platform puts IT and security professionals in absolute control of devices, data, and applications.

Find out more about how we can help make your entire healthcare security stack resilient, and help protect sensitive data, reduce insider threats, and ensure compliance.