Security and Privacy Losses vie for Headlines
Almost every week brings a new wave of press reports about a leak of confidential or private information by a major corporation or government agency. The amount of sensitive information collected stands at an all-time record and continues to increase as more security, financial, and medical data is accumulated. Besides outright data theft there is accidental leakage such as “How NOT to redact a PDF – Nuclear submarine secrets spilled.” The massive number of documents released by WikiLeaks and Edward Snowden are often on the front page but there are much larger exposures happening daily that put companies at risk. While creating a secure system is difficult, especially for large groups, there are ways of preventing sensitive data from becoming exposed in the first place.
Patient Data Losses Jump 32%
The frequency of patient data losses at health care organizations has increased by 32% compared to last year. The latest report estimates that data losses and security breaches cost the U.S. health care industry about $6.5 billion. And health care organizations face challenges in their ability to stem those losses. While this may seem significant for the past four years, according to both the FTC and the IRS, the fastest-growing type of identity theft is Stolen Income Refund Fraud, which has more than quadrupled in just a two-year period. This type of identity theft requires the theft of someone’s Social Security number, NOT their credit or debit card.