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By Staff Reporters
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Cyberattacks are causing issues across all sorts of industries, from Microsoft to AT&T to Ascension. But it looks like the healthcare industry is getting hit the hardest—financially, at least.
The 2024 Cost of a Data Breach Report from IBM and think tank Ponemon Institute found that the global average cost of a data breach rose 10% between March 2023 and February 2024, reaching a total average cost of $4.88 million in that period. Costs for disruptions to business processes and post-breach customer support and remediation were the largest drivers behind the increase.
However, of the 17 industries studied, healthcare had the most expensive data breaches, with an average cost of $9.77 million during that same period. In fact, healthcare has held the No. 1 spot for costliest breaches since 2011, according to the study.
For comparison, the next highest average cost was in finance, at $6.08 million.
CITE: https://www.r2library.com/Resource
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Filed under: "Ask-an-Advisor", "Doctors Only", Career Development, Drugs and Pharma, Ethics, Experts Invited, Health Economics, Healthcare Finance, Information Technology | Tagged: cyber attacks, healthcare hackers, HIT, IT, Ponemon Institute | Leave a comment »
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