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Breach 202011/27/2022 ![]() ![]() ![]() This is likely due to increasingly close scrutiny by the Department of Health and Human Services (HHS) Office for Civil Rights (OCR). HIPAA Enforcement is on the Riseįor the past five years, healthcare has led all others as the industry with the most expensive data breaches. Customer PII was compromised more often than intellectual property, sanitized customer records, or employee PII. Some 80% of all data breaches involved customer personally identifiable information (PII), which cost an average of $150 per lost or stolen record. The report also examined the types of data that were involved in breaches in 2020. Public relations, marketing, and sales efforts to regain customer trust.Legal fees, fines, and settlement costs.Data breach detection and response activities.The following costs are figured into the overall cost of a data breach, for purposes of the IBM Ponemon report: Healthcare - $7.1 million per data breach in 2020.In 2020, five industries accounted for the most expensive costs per data breach, according to the 2020 Cost of a Data Breach Report published annually by IBM and the Ponemon Institute. Most Expensive Data Breaches, by Industry Pretty grim security statistics for a pretty grim year all around.Ģ020 was a record year for data breaches in the U.S., as well as a record year for data breaches in the healthcare industry. And then an average of 80 days, or almost three months, to contain the breach. It took organizations an average of 228 days – more than seven months – to realize they had been breached. Last year, 3,950 confirmed data breaches affected virtually all industries in the U.S., according to at least one source. VCISO - Does your organization need one?. ![]()
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