A new report released by Accenture found that 1 in 4 consumers have had their healthcare records breached. The survey also reveals that half of healthcare data breach victims have had to pay on average about $2,500.00 dollars for out-of-pocket costs and 1 in 2 breaches resulted in identity theft.

According to the Identity Theft Resource Center 91% of healthcare organizations reported at least one data breach over the last two years. Lisa Baergen, Director at NuData Security commented below.

Lisa Baergen, Director at NuData Security:

lisa-baergen“Medical records are worth ten times more than credit card numbers on the dark web. It’s more important than ever for the industry to get ahead of their vulnerabilities.”

According to Lisa, “The online policy/account registration and authentication process is broken because passwords are just so freely accessible. And hackable. Most medical facilities and insurance companies haven’t yet invested in systems that have insight into consumer behavior and can predict and prevent unusual activity, unlike many financial institutions which have been fighting the battle with online criminals since the advent of the Internet. Understanding how users act online – before, during and after they login – provides you with the knowledge that even if a password has been stolen, an account has been taken over or hijacked, or a fake policy created, you can verify the genuine user and can take measures to protect the account with no impact on the good returning users.”

Information Security Buzz