Breach costs for healthcare have increased 53.3 percent since 2020 and now average $10.93 million each, nearly double the second most costly industry (financial), according to the study. Those costs surpassed $10 million for the first time in 2022, when they stood at $10.1 million.
“Cybercriminals have started making stolen data more accessible to downstream victims,” IBM wrote in a news release. “With medical records as leverage, threat actors amplify pressure on breached organizations to pay a ransom.”
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
