The 2015 Cost of Data Breach Study: United States conducted by the Ponemon Institute shows that the Health sector has the highest per record costs of a data breach at $398. This is 83% above the overall average of $217 per record and 33.5% higher than the next highest sector (Pharmaceuticals at $298 per record). In terms of customer retention, the Health sector comes in second with an abnormal customer churn rate of 6%. That means more capital is required to retain the existing patient pool and attract new patients to replace the ones lost to churn.
The result is that the healthcare industry is a substantial target for attacks and the potential financial consequences can be staggering. And the targets aren’t just large health systems and payers such as UCLA Health System and Anthem. Physician practices and business associates continue to be prime targets for attackers.
In fact according to a 2015 survey, nearly 80% of executives at healthcare providers and payers report that their information technology has been compromised by a cyber attack during the past 2 years.
Assura helps healthcare providers to secure their systems and networks to prevent data breaches that compromise patient PHI and expose organizations to hefty fines and lawsuits. We help you navigate through the complex maze of regulations to help you ensure that you have the right operational, management, and technical controls in place to secure patient data and keep help you achieve and maintain compliance.
Each one of our services helps to address an area of compliance and improve your security posture. And of course, all services come with Assura’s unique AuditArmor™ Guarantee.
Assura helps healthcare organizations to ensure readiness for these new systems by ensuring that they have the right management, operational, and technical security and disaster recovery framework to ensure successful deployment and regulatory compliance for EMR projects.