In the first quarter of 2018, a staggering 1.13 million patient records were compromised in 110 data breaches across the healthcare industry. The largest of these breaches? Oklahoma State University Center for Health Sciences’ network that houses data for close to 280K patients was accessed by an unauthorized third party, and had data removed from the network.
At roughly $225/record, this breach will cost OSUCHS over $70 million.
A 2017 study by Accenture on the cost of cyber crime found that the highest percentage of organizational IT spend was going toward fortifying a network’s perimeter, despite the fact that the cost savings and value-add just don’t add up given their cost. Nobody’s saying you shouldn’t spend money here, but balance it with securing other layers of your network to ensure your Defense in Depth strategy is on the right footing.
Evaluate your IT spend, balance it with a good blend of technologies, and make sure it’s bringing you the value your organization’s cybersecurity posture needs and the security your patients deserve.