New Ponemon Study on Patient Privacy & Data Security Released

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The Ponemon Institute’s Fourth Annual Study on Patient Privacy & Data Security, dated March of 2014 and sponsored by ID Experts, is now available. The study, involving a sample of 91 organizations, contains both good news and bad news. The good news is that the total number of data breaches among the organizations sampled has declined slightly over previous years, and healthcare organizations have been able to control their data breach costs by 17 percent since last year. The study reported that the average cost of data breaches is approximately $2 million over a two year period, which is a decrease of almost $400,000. Criminal attacks, however, have risen 100 percent since Ponemon first conducted its study four years ago. Ponemon estimates that breaches may cost the healthcare industry as a whole as much as $5.6 billion annually. The biggest risk to data continues to involve employee negligence. Study respondents also reported concerns about patient privacy relating to electronic health information exchange.

A free copy of the Fourth Annual Benchmark Study on Patient Privacy and Data Security is available at http://www2.idexpertscorp.com/ponemon. Downloading the document requires registration.

The Ponemon Institute’s Fourth Annual Study on Patient Privacy & Data Security, dated March of 2014 and sponsored by ID Experts, is now available. The study, involving a sample of 91 organizations, contains both good news and bad news. The good news is that the total number of data breaches among the organizations sampled has declined slightly over previous years, and healthcare organizations have been able to control their data breach costs by 17 percent since last year. The study reported that the average cost of data breaches is approximately $2 million over a two year period, which is a decrease of almost $400,000. Criminal attacks, however, have risen 100 percent since Ponemon first conducted its study four years ago. Ponemon estimates that breaches may cost the healthcare industry as a whole as much as $5.6 billion annually. The biggest risk to data continues to involve employee negligence. Study respondents also reported concerns about patient privacy relating to electronic health information exchange.

A free copy of the Fourth Annual Benchmark Study on Patient Privacy and Data Security is available at http://www2.idexpertscorp.com/ponemon. Downloading the document requires registration. - See more at: http://www.hklaw.com/PrivacyBlog/New-Ponemon-Study-on-Patient-Privacy--Data-Security-Released-03-12-2014/#sthash.09wCb9q3.dpuf

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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