Adviser Vol. 3 2016 | Page 23

My Data ... ( Continued from page 21 )

My Data ... ( Continued from page 21 )

The REALLY Bad News The reported data losses continue to grow . In the last 12 months , 337 healthcare organizations and / or their business associates reported data losses totaling nearly 15 million records , almost 45 thousand records per reported breach . Add to that a recent study that surveyed 308 IT professionals at U . S . enterprises who had investigated e-mails that they believed had leaked confidential data in the past year . Now add the proliferation of lost devices ; it ’ s estimated that 2.1 million Americans had phones stolen in 2015 . Tie in the four thousand plus daily ransomware attacks , up 300 percent from last year and you have an environment rich with loss and compromise of data . In fact , you can ’ t even go to a ballgame or see a concert without losing your data as a recent headline notes that Madison Square Garden and Radio City Music Hall were hit by data breaches .
Take a look at Advanced Persistent Threats ( APT ), a rapidly growing type of threat fixated on a specific target that combines sophisticated malware and focused attacks . An APT is a set of stealthy and continuous computer hacking processes , often orchestrated by human ( s ) targeting a specific entity . It usually targets organizations and / or nations for business or political motives . The “ advanced ” process signifies sophisticated techniques using malware to exploit vulnerabilities in systems . The “ persistent ” process suggests that an external command and control system is continuously monitoring and extracting data from a specific target . The “ threat ” process indicates human involvement in orchestrating the attack .
Internet of Things ( IoT ) is the internetworking of web-enabled devices encompassing technologies such as IP ( Internet Protocol ) -based video cameras , embedded automotive systems , wearable medical devices and your Google Home™ internet attached devices . The use of these devices is expanding rapidly and they are becoming an integral part of businesses automation . They are likewise becoming a target for hackers and an entry point to distribute malware that is designed to move latterly on your networks .
Ransomware infections are now a reportable HIPAA breach . As of earlier this year , per the Department of Health and Human Services ( HHS )/ Office of Civil Rights ( OCR ), a ransomware infection is now considered a reportable breach in many circumstances .
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The Costly News Data loss and breaches are costly . In 2016 , the average cost to recover from a breach rose to $ 4M . In the healthcare vertical , the cost to repair and recover from a data breach has increased to $ 402 per record lost according to the research provided by the Ponemon Institute . However , this does not take into account the very difficult to measure
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