HIPAA Compliance and E-Security Solutions for Healthcare
Security breaches of health information are becoming more common, and more expensive for healthcare providers to handle. The frequency of data breaches in health care has increased by 32% in 2011, according to a recent study by the Ponemon Institute.
Healthcare servers are being attacked to steal patients' information from health records as the black market value of health information has increased and criminals’ methods have become more sophisticated. An average of nearly 50,000 patient records were stolen per breach in 2011, an 80% increase compared to the year before.
What’s the cause of the increase in thefts of health information?
Electronic health records from a single patient can earn criminals $50 on the black market, according to data reported at the recent Digital Health Conference in New York City. That’s a lot more than what’s paid for other information commonly used in identity thefts, such as Social Security numbers ($3), credit card information ($1.50) and date of birth ($3).
Why is health information so valuable?
According to the Federal Trade Commission, the data can be used to file lucrative false insurance claims, buy prescription drugs and get health care at the victim’s expense, among other things.
With increasing threats, there is an urgent need for the industry to implement strong and sound security solutions for their web applications and servers. However, investing in integrated security solutions can lead to many disadvantages and can be a very time-consuming, challenging, complicated and costly task.
How can Odyssey help?
Odyssey's products enable organizations dealing with healthcare to set up effective and centralized security solutions to protect web applications handling patients' details, research records, financial records, contracts, funds etc. from attacks.
Odyssey Technologies Limited is the leader in PKI technology and e-security solutions in the Asia-Pacific region. Odyssey develops products and solutions for Internet transaction security and is recognized by the Controller of Certifying Authorities in India as a technology vendor. The company proudly supports the security needs of major banks and financial institutions in the Asia-Pacific region and has earned their trust as a reliable vendor.