U.S. Healthcare Organizations Face New and Unique Data Security Risks with Digital Transformation Initiatives
AUSTIN, Texas, July 17, 2019 /PRNewswire/ -- Thales announces the results of its 2019 Thales Data Threat Report – Healthcare Edition revealing that 70% of U.S. healthcare organizations surveyed experienced a data breach, with a third reporting one in the last year alone. This is the greatest rate of any industry studied by Thales in conjunction with research and analysis firm IDC. In addition, 80% of healthcare organizations place sensitive data in the cloud. The report underscores the importance of putting new security strategies in place as healthcare data is highly targeted because of the value it has for cybercriminals.
"Our 2019 Data Threat Report – Healthcare Edition provides very clear evidence that sensitive patient information is at risk in the face of rapid cloud adoption with encryption rates being far too low in the healthcare industry," said Tina Stewart, vice president market strategy for cloud protection and licensing activity at Thales. "Data security is increasingly complex, particularly for healthcare organizations immersed in cloud and digital transformation initiatives. The focus should be to encrypt everything in the cloud and keep control of the data by centrally managing the keys to the encrypted data."
Majority of Healthcare Organizations Fail to Encrypt Everything in Digital Transformation Initiatives
While digital transformation technologies are making it easier for critical patient information to be shared among medical partners who play a key role in patient care, the difficulty to secure data has increased due to the growth of cloud environments. Compounding this challenge, the report reveals IT security spending is tapering off, leaving limited resources for safeguarding new environments in addition to legacy systems.
"When sensitive patient information is breached, it poses significantly longer-term risks compared to other sectors – sometimes indefinitely," said Frank Dickson, program vice president for security products research, IDC. "Healthcare data is especially attractive to hackers because it's far more valuable than other kinds of data that can be accessed and exploited. When healthcare data is stolen, damage cannot be fully mitigated. A credit card can be cancelled or a bank account can be closed, but private patient data circulates endlessly which opens opportunities for various types of fraud to occur again and again from a single breach."
The Reality of the Multi-Cloud Healthcare Provider
Healthcare Institutions are Failing Compliance Audits
Key IDC Recommendations to Help Mitigate Risk
For more key findings and security best practices, download a copy of the new 2019 Thales Data Threat Report – Healthcare Edition. Thales also will host a webinar on Thursday, Sept. 12 at 2:00 p.m. ET about "The State of Data Security in Healthcare." To join, please visit the registration page.
Industry insight and views on the latest data security trends can be found on the Thales blog at blog.thalesesecurity.com.
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