- SOLUTIONS & SERVICES
The Sixth Annual Benchmark Study on Privacy and Security of Healthcare Data had some unfortunate though predictable results. Many organizations lack the resources and budget to properly fight these breaches despite their increasing frequency.
This study also included business associates which are organizations that perform services for an entity that handle protected health information (PHI). This is an important note as the more connected businesses become, the more potential that exists for a breach, even if that happens outside the healthcare organization. The Ponemon institute, which conducted the study, estimates that the average cost per breach is $2.2 million.
The results of this annual report are certainly concerning, especially considering our health records are extremely sensitive information. Although the technical issues and requirements are constantly being updated to thwart the latest attacks, the best defense against major issues from a data breach is a strong information governance program.
With the right people, processes and technology any organization can mitigate the potential legal and financial issues that a data breach can cause.