Why Are Healthcare Data Breaches So Expensive?

Healthcare data breaches are expensive due to the complexity and volume of healthcare data, and the heavily regulated nature of the industry. The cost for a healthcare data breach rose to $11 million in 2023, a 53% hike since 2020 and much higher than the $4.45 million average for all sectors. Efficient interdepartmental collaboration, proactive measures, and use of AI can help reduce breach costs.