In 2016, cyber security worldwide increased by nearly $74 billion – A significant shift, to say the least. But it shouldn’t come as much of a surprise: The average consolidated cost of a data breach has risen to $4 million, and the average cost for each stolen record now sits at $158. And that doesn’t even take into account harm to a business’s reputation.
We know something about why those breaches happen: 56% of them now occur from phishing attacks, with 30% of users opening phishing emails, and 12% clicking on the links contained in them. 99% of computers use software that is vulnerable to attack if not updated. Technology moves at light speed, and so do those intent on stealing consumer information. So given all that information, where should you, as a receivables professional, begin to mitigate your risk? Here, in Information Age, Rozanne Andersen discusses how healthcare facilities should move to protect themselves against threats in an age of hyperconnectivity.