Healthcare News & Insights

Annual cost of health data leaks: $6.5 billion

When patient data is breached there’s a cost to patient privacy, but hospitals face a steep cost to their own bottom lines.

According to the second annual study of data breaches among health care organizations by Ponemon Institute, the average annual cost of such leaks is $6.5 billion.

Over the past year, the number of data breaches has increased by 32%. According to responding organizations, the most common cause of such breaches is simple employee negligence and mistakes.

Adding fuel to the fire: The vast majority of health care organizations (80%) don’t monitor mobile devices that can most easily transmit protected information — whether deliberately or accidentally.

A free copy of Ponemon’s 2011 Benchmark Study on Patient Privacy and Data Security can be found here.

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