According to GLORIUM TECH researchers, there have been over 300 million personal records being the victims of the data security breaches from 2015-2020 in the HealthCare field alone. Most of the hackers did that amoral stuff for fraud and identity thefts.
Did you know that healthcare data security is within the top ten breaches of data security? There are a lot of things that can be the victim of these malicious attacks including the names, addresses, credit card information, birth dates, and much other personal information.
The attack could happen again in the future if the concerned ones do not take this case seriously. The data breach means a huge loss for the victim party.
More especially in the healthcare industry, healthcare data security has been a more paramount aspect to consider.
Medical data values according to the hackers
For hackers, personal health data is five times more valuable than credit card information. That’s why many healthcare organizations and institutions are significantly concerned about the cyber attacks.The personal information leaks cases have been increasing for the last five years.
Although the health care data breach does not convert to a larger price in the financial records, so if we are guessing that it is because of financial motivation, it might not be true. However, it is highly possible that there are some ways to exploit this data for earning black money.
While the financial data can change in just seconds after snatching, things will be different with the medical data. Medical data is based on facts. That’s why it can be valuable for those irresponsible parties.
According to GLORIUM TECH experts, the health care data can be more valuable in the black market. Many hackers are targeting intellectual properties and relevant medical information for various purposes such as unethical research, blackmailing, and many more.
The health care data is crucial for both the providers and clients
Healthcare data security is relevant to both parties. Whether you are a patient or a business owner in the health industry, one cannot neglect the importance of this niche.
From the health care provider’s point of view, their patients’ data is the business data. In this field, it includes the sensitive information that should be kept by the responsible sides such as payment information, customer name, address, documentation, details of the health condition, financial condition, insurance data, and many more.
Only authorized people are able to access this data. Most health institutions and organizations can’t afford to lose them because it will affect their business. Whenever there’s a huge data breach, the trust and relationship between the providers and clients will be severely compromised.
The report showed that there was a 55% breaching spiked in the 2020 year alone. That’s a terrifying number compared to the 2019 year. With an increase of the cases, all of the involved parties in the health industry should really take care of this matter seriously.
The data breaches have significantly affected more companies from year to year. The tricky part of the hackers can steal any information everywhere from the office, home, server, and even cloud.
Patient records security
It is one of the reasons why healthcare data security has become crucial for the health industry. Just like other industries, more and more healthcare providers have digitized their business. But there’s a takeaway that we need to consider.
The healthcare organizations do not allocate adequate funds for cybersecurity premises. For instance, when it comes to electronic health records, the system would become vulnerable because these parties do not pay attention really well to it.
There are around 20 million patient records snatched in the last two years. In the US alone, around 90% of healthcare institutions and organizations have encountered at least one data breach. Amongst the various attacks, the researchers claimed that ransomware was at the top. And it increases in the early year of 2021.
The organizations that are prone to certain attacks are mostly the ones that come with old-fashioned IT infrastructure. We can see here that outdated security software can be a crucial concern for every service provider.
The problem also lies on the end-user side. For instance, the patients or clients are able to access their data using their credentials. But their login details are still prone to cyber-attacks because they are not anything like the security in the banking details.
Protecting the confidential data
Healthcare data security has become the main concern of the healthcare industry because of the pure reason: the patient data is confidential.
This contains sensitive information that only patients, doctors, and authorized parties have the right to access. GLORIUM TECH emphasizes that the businesses in this industry must pay attention to this to choose the best resources and tools for security.
The good thing now is that there are many software engineering companies who are ready to help all the organizations to fortify their electronic health records security. GLORIUM TECH comes up as the best software company that can provide the right resources for all the healthcare providers.
It is crucial to be able to analyze the accessibility of the confidential data depending on the various employees. Not all employees in the company have the same authority to access particular data.
It is also important to consider giving access to only limited people. As confirmed by the experts, giving privileges to all employees can increase the risks of cyber attacks. When there’s a huge number of users who can manage and access the data, it can increase the risks.
To mitigate the risks, healthcare institutions will need to limit data access. The system should be strong and meticulous to make sure that the particular users will only access the things that they need to access. Ones should not be given more access than the rights they hold. With this best practice, the data management will be more effective and strong against the security breach.