Three report findings:
- The U.S. experienced the highest costs from data breaches in the world in 2020, with the average breach costing $8.64 million and a total of 1.48 billion records exposed. The healthcare industry had the highest cost per compromised record at $474.
- Phishing accounted for 25 percent of all breaches, and ransomware accounted for 17 percent, a 7 percentage point increase from 2019. The healthcare sector was a primary target because hackers knew leaders would rather pay than put patients’ lives at risk with disruption of service, the report said.
- The healthcare and financial sectors experienced the most reputational harm from data breaches, the report found.
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.
