Breaches and identity theft involving medical data are on the rise. According to the Ponemon Institute, criminal attacks in health care have increased by 125 percent since 2010 and are now the leading cause of medical data breaches. The study also found that 91 percent of health care organizations have experienced at least one data breach, costing more than $2 million on average per organization. The American Action Forum estimated that medical breaches have cost the U.S. health care system more than $50 billion since 2009.
Medical records are extremely valuable to thieves, with such data sold for an average of $363 per record, which is much higher than for credit card data.
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