Because of the great amount of personal information involved, medical records command a high value on the dark web and can be listed for up to $1,000 each – 10 times more than the average credit card data breach record. Cybercriminals can then easily obtain this information and impersonate legitimate patients.
This is why digital identity verification is a key component of ensuring patient security. This is why all sectors of healthcare need to properly vet and verify their patients to ensure that they are who they claim to be.
Over the past decade, there have been more than 2,550 healthcare data breaches impacting more than 175 million medical records, according to the HIPAA Journal. That’s the equivalent of affecting more than 50% of the U.S. population.
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