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Showing posts tagged with Data Breach
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Karalee Serra | 21 Jun 2013 | 0 comments

Regulations initially cause organizations to spend more funds on data breaches, but eventually those rules could save enterprises money, the Ponemon Institute's Larry Ponemon says in analyzing his latest study on breach costs. The 2013 Cost of Data Breach Study, which the institute conducted for IT security provider Symantec, pegs the average global cost of a data breach at $136 a record in 2012, up $6 from in 2011. The study estimated the breach cost per record in the United States averaged $188 in 2012, down from $194 in 2011. The study, issued earlier this month, says human errors and system problems caused about two-thirds of data breaches, and that contributed to the worldwide increase in costs.

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David Finn | 18 Jun 2012 | 0 comments

What makes the healthcare industry such a hot target for hackers? The answer lies in the records that they keep. Medical records contain some of the most valuable personal information — social security numbers, birth and death dates, family information, billing information including credit card data — that allow hackers to gain full reign on a person’s identity and do some major damage. Just like any other business, even in hacking it boils down to the bottom line, and hackers want the most payout for their efforts. Healthcare organizations are the latest gold mine.

Yet, so many organizations are doing a poor job of protecting patient data. According to the Identity Theft Resource Center 2011 Breach Stats Report, 20 percent of all data breaches reported in 2011 were in the healthcare industry; the Privacy Rights Clearinghouse pegged this number at 33 percent in 2011. So, anywhere from one-fifth to one-third of data breaches last year were at...