Tuesday, June 7, 2011

Survey: Breaches Cost Some Healthcare Organizations $100K Per Day

Most healthcare organizations have made compliance with security and
privacy regulations a priority, but that hasn?t slowed the data-breach
bleed, a new survey finds.

Some 56 percent of IT administrators in healthcare organizations say they
spend anywhere from 25 to 100 percent of their time working on compliance,
and 54 percent spend most of it on HIPPA, according to the survey
conducted by GlobalSign, a certificate authority. Meanwhile, some 34
percent of organizations suffered a breach of their patients' records in
the past two years, and 10 percent say those breaches cost organizations
$100,000 per incident each day.

Nearly 40 percent spend one-fourth of their work week "improving security
and ensuring data privacy," and 19 percent say they spend 75 to 100
percent of their time on compliance, the report found, based on a survey
of 107 IT administrators, managers, and C-level executives. Half of the
respondents are with organizations of 5,000 or more employees.

Lila Kee, chief product officer at GlobalSign, says the findings reveal
that healthcare is working heavily on compliance for HIPPA, HITECH, and
other state and federal regulations, but is still getting hacked. "They
are still having breaches even though they are doing a lot with
regulations and compliance," Kee says.

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