Cyberattacks and security breaches are on the rise, and healthcare organizations are at higher risk for expensive data breaches than any other industry. Fines for Health Insurance Portability and Accountability Act (HIPAA) violations have also been increasing, both in the number of settlements and civil monetary penalties issued, as well as in dollar amounts. Last year, data breaches cost health-care organizations US$6.5 million, or an average of US$429 for each lost or stolen record.
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