Posted by HIPAA Journal
Healthcare data breach costs have fallen year-over year according to the latest IBM Security/Ponemon Institute study. However, for the seventh straight year, healthcare data breach costs were higher than any other industry sector.
This year, the Ponemon Institute calculated the average healthcare data breach costs to be $380 per record. The average global cost per record for all industries is now $141, with healthcare data breach costs more than 2.5 times the global average. Last year, average healthcare data breach costs were $402 per record. The average cost of a breach in the United States across all industries is $225 per record, up from $221 in 2016.
Data breach costs have risen substantially over the past seven years, although the latest report shows there was a 10% reduction in data breach costs across all industry sectors. This was the first year that data breach costs have shown a decline. The average global cost of a data breach now stands at $3.62 million, having reduced from $4 million last year.
The study was conducted globally, with 63 organizations in the United States surveyed. Those organizations were spread across