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Healthcare Data Breaches - make sure data is SafeToGo

created using World Startup Report template
published by CW ASSIST

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  data  breaches
HEALTHCARE:
Data breach incidents continue to rise year on year. Number of compromised records expected to double in 2016.
35 data records were compromised every second in the first half of 2016!
Average cost per stolen record:
£127*
Average total cost:
£3.2 million*
23% increase since 2013
*Based on US$ to £ exchange rate on 25 Jan '17
Average cost per lost/stolen record: £285*
The Healthcare sector remains a focal point for attackers due to medical records selling for up to 10x more than credit card records on the black market. (Source: Experian)
The Breach Level Index for the first half of 2016 shows the Healthcare sector to be the biggest contributor to breach incidents.
Responsible for 27% of all breaches
The average cost per lost/stolen record in the Healthcare sector is MORE THAN DOUBLE the overall average.
Data breaches: Bad for your health
*Based on US$ to £ exchange rate on 25 Jan '17
Motives for  theft
Source: H1 2016 Breach Level Index by Gemalto
All breaches, great and small
Small data breach incidents, often linked to human error/employee negligence, can be as costly/damaging as larger breaches.
According to the ICO data breaches involving lost/stolen unencrypted USB drives are on the rise and worryingly a significant percentage of said breaches occur in the Healthcare sector.
Over 20 million unencrypted USB drives are lost every year.
Under the new EU GDPR companies will be fined up to 4% of global annual turnover, or €20 million (whichever is greater) in the event of a data breach.
New EU General Data Protection Regulations become enforceable from May 2018.
Healthcare professionals need to take action now if they want to avert a medical data emergency!
If an encrypted USB is stolen/lost it is deemed to be a security breach and NOT a data breach!
Extensive use of encryption can reduce breach costs by £10* per record.
Hardware vs Software encryption? ...software is simply 'software' and so can be easily hacked!
Robust, hardware encrypted USB3.0 flash drives offer a simple, cost-effective way to keep sensitive data safe when on the move
Secure data on the move with SafeToGo® - a hardware encrypted USB
*Based on US$ to £ exchange rate on 25 Jan '17
SafeToGo® is a product by Cardwave Services Ltd, 6c Hopton Industrial Estate, Devizes, Wiltshire SN10 2EU. Sources: 2016 Cost of Data Breach Global Study, Ponemon Institute. The 2016 H1 Breach Level Index by Gemalto. Experian. Comms Business. SafeToGo. Cardwave.
www.safetogousb.com