A total price tag of nearly $1 billion for dealing with the aftermath of major breaches reported to federal authorities so far should motivate healthcare organizations to take aggressive steps to improve security, one analyst advises.
Federal regulators have recalculated the cumulative tally of the number of Americans affected by major healthcare breaches. They now estimate that nearly 4.8 million individuals have been affected by the 138 breaches reported so far.
The only state attorney general in the nation who so far has used his new power under the HITECH Act to sue a healthcare organization for HIPAA privacy and security rule violations is keeping a close eye on breaches of all sizes.
Whether it's from treacherous insiders stealing data or malicious cybercriminals hacking into company resources, financial institutions face risk from both inside and outside the organization. While each side of the coin poses unique threats, the financial sector can minimize the double-sided risks with very similar...