Data Breaches Cost Hospitals $6B Yearly
Hospitals spend $6 billion annually because of data breaches, and Federal regulations enacted under the HITECH Act have not improved the safety of patient records research from The Ponemon Institute shows.
Among the data security and privacy research firm's findings:
- Hospitals are not protecting patient data
- Hospitals admit to being vulnerable to a data breach
- Breaches of patient information are occurring frequently and often go unreported, putting patients' privacy at risk
- A small percentage of healthcare organizations rely on security technologies to prevent and detect data breach incidents
- Federal regulations—HITECH—have not improved the safety of patient records
Last year, Ponemon released its fifth annual study on the cost of data breaches—"2009 Annual Study: Cost of a Data Breach: Understanding Financial Impact, Customer Turnover, and Preventative Solutions."
That study found the average cost for a compromised record to be approximately $144 in indirect costs and $60 of direct costs, for a total cost of $204.
- 'Mega Boards' Could be Rural Healthcare Disruptor
- 1 in 5 Eligible Hospitals Penalized for HACs
- HL20: Rebecca Katz—Cooking Up Sustainable Nourishment
- Meaningful Use Payment Adjustments Begin
- HL20: Peter Semczuk, DDS, MPH—Taking on the Big Challenges
- PA hospital to pay $662,000 to settle Medicare fraud case
- Supreme Court to hear Obamacare subsidy challenge in March
- Dr. Oz gets fact-checked and the results aren't pretty
- How the high cost of medical care is affecting Americans
- HL20: Lee Aase—Who's Behind @MayoClinic