Hackers target insurers and other businesses in the health industry because your medical information is worth 10 times more than your payment card info on the black market. If that wasn't scary enough, the healthcare industry isn't doing nearly enough to stop cybercriminals and protect your data.
How bad is the problem? A recent report from the Ponemon Institute states that 91% of health industry companies it surveyed have had at least one data breach during the past two years.
"Organizations in the healthcare space are not playing their 'A game' in terms of security and data protection," said Larry Ponemon, founder and CEO of the Ponemon Institute. "There are some exceptions, but generally speaking, healthcare providers either lack the resources, staff or the technical innovations to meet the changing cyber-threat environment."
The survey also found that half of the companies involved are not confident that they'd be able to detect every breach. This is a real problem, because identity theft cases are on the rise in the U.S. and these breaches are costing the healthcare industry $6 billion a year.