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Average cost of healthcare data breach reaches $11M, report finds

Healthcare remains the most expensive industry for data breaches for the 13th year running, with the average cost reaching nearly $11 million in 2023, a rise of 53% since 2020. Factors such as high industry regulation and vulnerability due to post-pandemic staff shortages have contributed to the increased costs, almost double that of the financial industry’s data breaches, which were the second-most costly. Consequently, some hospitals are facing court battles following data breaches.

Source: www.healthcaredive.com –

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