The healthcare sector might encounter more significant
attacks in the future if they would not take action now.
There are already millions of records that have been
compromised from medical facilities worldwide.
The healthcare industry will be faced with new, more sophisticated attacks in the coming years. More than 113 million records have been stolen from hospitals and healthcare facilities around the world. Healthcare data routinely contains insurance details, social security numbers, billing information and diagnosis codes. Medical identity theft is big business and is much harder to identify by the patient, meaning that unlike credit cards, the fraudsters can continue to profit from the stolen data for several years after the initial hack takes place by obtaining credit cards, loans, committing tax fraud or sending fake bills to insurance providers. Reports this year surfaced of hackers ransoming hospital records for as little as $15,000. The low amounts increase the chances of the ransom being paid exponentially. According to industry journal *Modern Healthcare*, almost one in eight Americans have had their medical records compromised in some way.
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