A single mobile data breach could cost $26.4M: 5 things to know

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Healthcare may not be at the forefront of mobile technology adoption, but it is rapidly catching up to other industries. With the increased convenience of mobile technology comes the greater risk of vulnerability. A new study released by mobile security company Lookout and the Ponemon Institute examines the cost and occurrence of mobile data breaches.

The study gathered input from 588 IT and security leaders at 2,000 global companies.

Here are five things to know from the study.

1. A mobile data breach could cost an organization as much as $26.4 million associated with noncompliance and reputational damage.

2. Approximately two-thirds of organizations (67 percent) reported having had a data breach related to an employee's use of a mobile device with access to the company's sensitive information.

3. On average, 3 percent of employees have mobile devices infected with malware.

4. Only 36 percent of the survey respondents indicated their organization was vigilant when it comes to protecting confidential data stored or accessed on employees' mobile devices.

5. Mobile device vulnerability is apparent, and use of these devices is only going to increase. Mobile data access is expected to rise at least 50 percent over the next two years.

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