With the rise of cyber threats and data breaches, regulatory changes are requiring these institutions to care for more than just the patient’s ailments. They’re also responsible for keeping their patients’ data secure, making healthcare cybersecurity and information security a priority.
And there’s significant incentive to do so. A breach can have huge consequences for both patients and businesses if this data is compromised. For healthcare and pharmaceutical organizations, a breach is very expensive – as of 2017, the average cost of a data breach is $3.6 million.
To do this, the industry needs to strategically manage and respond to records access, which requires extra time and resources that many don’t have in the face of drastic reductions in insurance reimbursements. For the patient? Well, they’re vulnerable enough without needing to also worry about their sensitive personal data being compromised.