Health Sector Most Targeted by Hackers, Breach Costs Rise to $17.76B

Jessica Davis reports:

 – The healthcare sector was the most targeted by hackers and cyberattacks in 2019. And its 382 data breaches cost the sector more than $17.76B billion, according to ForgeRock’s 2019 Consumer Breach Report.

The healthcare sector accounted for 45 percent of data breaches in 2019, followed by the banking, insurance, and financial sector at 12 percent. Researchers calculated the $17.76B spent on data breaches amounted to about $429 per breached patient record, up 5.14 percent from 2018.

Read more on Health IT Security.

You may also be interested in reading another report.  Compliance Week reports:

An Audit Analytics report on cyber-security breaches at public companies found the sensitivity of customer information stolen—along with length of time it took companies to report breaches—greatly affected the financial damage the breaches caused.

The report, “Trends in Cybersecurity Breach Disclosures,” reviewed 639 cyber-security breaches at public companies since 2011 and found that the average cost of a cyber-breach to a publicly traded company was $116 million.

Read more on Compliance Week.

 

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