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Healthcare data breaches come in all sizes and varieties – from the massive breach of 80 million patient and employee records at insurance giant Anthem to a stolen iPhone containing about 400 unencrypted patient records at Catholic Health Care Services in Philadelphia.

Even “small” breaches can be costly. The Catholic Health breach resulted in a $650,000 regulatory fine and a two-year corrective action plan.

According to the latest Ponemon Institute study, the healthcare field has the highest cost per breached record of any industry: $402. That adds up to $4 million for 10,000 records – about twice the cost of a breached record in the retail sector.

Read the entire article at Becker’s Health IT and CIO Review.

Bob Chaput

CEO at Clearwater Compliance
Bob is the CEO and Founder of Clearwater Compliance. He has 25 years of experience in the Healthcare industry, and his experience includes managing some of the world’s largest HR, benefits and healthcare databases, requiring the highest levels of security and privacy. Mr. Chaput continues to expand and update his knowledge base on HIPAA-HITECH compliance through postgraduate study, earning professional certifications and participating in professional healthcare and other organizations.
 
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