In the “U.S. Healthcare Cybersecurity Market 2020” report, researchers said that the cybersecurity market is poised for aggressive growth after the COVID-19 pandemic as data breaches surge. Their findings suggest that poor cybersecurity can be bad for business as well.
Five things to know:
- More than 90 percent of all healthcare organizations reported at least one security breach in the last three years.
- Sixty-one percent of healthcare businesses acknowledged they don’t have effective mechanisms to maintain proper cybersecurity.
- Most hospitals spend around 64 percent more on advertising in the year after a data breach.
- Cyberattacks on revenue cycle management platforms disrupt claims and reduce the quality of STAR rankings.
- A decreased STAR ranking results in lower insurance reimbursement and patient footprint.
To read the full report, click here.
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