Healthcare institutions addressing cyberattack incidents must not only find ways to handle potential breaches of critical patient data but must also deal with the any resulting financial burdens the attacks may have created.
The unrelenting barrage of cyberattacks against healthcare organizations is causing major financial damage as health systems struggle to mitigate the costs of data breaches.
A healthcare data breach now comes with a record-high price tag—to the tune of $10.1 million on average, according to IBM Security’s annual Cost of a Data Breach Report. IBM looked at looked data breaches from March 2021 to March 2022.
That’s up 9.4% from the same timeframe a year earlier. Healthcare has had the highest breach-related financial damages for 12 consecutive years, according to IBM’s report.
Read the full article at Fierce Healthcare.