Friday, September 13, 2013

Survey: 19% Increase in Medical Identity Theft

The 2013 Survey on Medical Identity Theft, conducted by Ponemon Institute, and sponsored by the Medical Identity Fraud Alliance, found a 19% increase in medical identity theft victims since last year.

It is estimated about 1.84 million will be affected in 2013, with "these victims handing over more that $12 billion in out-of-pocket costs and paying, on average, $18,660" according to the survey.

"One of the more serious aspects of medical identity theft, unlike traditional financial identity theft crime, is that in the extreme, this could lead to your death."
- Larry Ponemon, Ponemon Institute
The survey concluded consumers need to take steps to protect their personal information. Healthcare and other organizations that hold peoples' medical information are also taking steps to protect against medical identity theft. These steps include the use of low-cost on-demand SaaS analytics services to proactively detect data breaches rather than learn of theft from third parties such as patients or law enforcement.
Download a white paper on patient privacy breach detection. Learn how to proactively identify unauthorized breaches of patient data privacy, even by authorized users - with no hardware and no on-site software.
Sources:
(a) Medical Identity Theft Hits Growth Phase - HealthcareITnews.com, 09/12/2013

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