It’s the day before Halloween, which means at some point this weekend I will probably tune into one of my all-time favorite horror movies such as Sleepy Hollow, The Conjuring, or any of the Michael Myers classics. But no matter which scary flick I choose, perhaps nothing will be scarier than something I saw recently on healthcare data security.
Here’s what I’m talking about: a report from Accenture found that healthcare providers could potentially lose $305 billion in patient revenue over the next five years due to the impact of cybersecurity attacks. According to a Ponemon Institute survey, cited by Accenture, almost half of patients said they would find a different provider if they were informed that their medical records were stolen.
“Taking into account the estimated lifetime economic value of a patient, Accenture analysis shows that healthcare providers are at risk of losing $305 billion in cumulative lifetime patient revenue over the next five years due to patients switching providers because of medical identity theft,” the report states. “Applying this methodology to recent healthcare provider data breaches, Accenture estimates that each provider For the full article click here
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