Tag Archives: Reuters

How much is your healthcare information worth on the “black” market?


According to an article in Reuters, your information from a healthcare hack can sell for $20 or more on the black market. Why, you ask? Because that information is much easier to use to paint a whole picture of a person and their identity than the previously targeted financial data. They can use the healthcare data to receive medical care, obtain prescriptions, and use your social security number and date of birth to obtain credit in your name. With the financial sector locking down their information in response to the many hacks of late years the healthcare industry is an easier target as they have not been previously worried about hacking.

In a recent Washington Examiner article, it was reported that:

 Hackings of data from healthcare firms and doctors jumped over 1,800 percent from 2008-2013…

Reviewing Health and Human Services reports of data breaches where more than 500 patients were exposed, the Brookings Institution found that the number went from just 13 in 2008 to 256 in 2013, impacting 9 million in 2014.

Healthcare systems that are hacked and have the weak security can/will be fined up to $1.5 million dollars – which should serve as incentive to tighten up that security.

What does this mean to you? It means you should keep an eye on your credit, listen to the news for reports of hacking, and you might even ask your health care provider and other healthcare entities if their security is appropriate. Of course, most of those clinical providers on the front end (those doctors & nurses) probably can’t answer the question as it lies deeper in the organization or operations, such as the information technology department, so don’t be too upset if they can’t tell ya about it.

Thoughts?

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