“Are we more secure today than yesterday?” is the question every healthcare organization needs to asks itself every day. in order to develop a more effective security posture, says Rami Essaid, CEO of Distil Networks.
A sad situation
It used to be that retail and financial services were the most popular targets for breaches and malicious attacks, but the healthcare industry is now right up there with them.
The reason for that change is simple: protected health information (PHI) is more lucrative on the dark web than other forms of personally identifiable information. Also, healthcare organizations keep other useful data: access credentials, personally identifiable information, and financial records.
“The value of a single medical record on the web’s black market can be as high as $500,” Essaid points out.
Yet, most people are unaware of the fact that medical data theft can be far more damaging than credit card or social security number compromise.
For one thing, the stolen medical records can be used for a variety of criminal activities: more personal data theft, payment card fraud, healthcare insurance fraud, acquisition of controlled and prescription substances, and so on. Secondly, the victims will likely have problems because of it for the rest of their lives.