GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Health Insurance Industry Statistics

The healthcare industry experiences a high rate of cybersecurity incidents, with 78% of health insurance organizations reporting a data breach in the last two years, primarily due to phishing attacks and ransomware threats.

Statistic 1

"95% of all identity theft comes from the healthcare sector."

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Statistic 2

"The average cost of a data breach in the healthcare sector is $7.13 million."

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Statistic 3

"Cybersecurity incidents in healthcare could cost the industry $6 billion annually."

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Statistic 4

"45% of health insurance companies report having a formal cybersecurity training program."

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Statistic 5

"Only 20% of healthcare organizations have a dedicated cybersecurity team."

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Statistic 6

"Health insurance records have a higher black-market value compared to credit card information."

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Statistic 7

"83% of healthcare organizations are using some type of cloud service, which can increase cybersecurity risks."

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Statistic 8

"The global healthcare cybersecurity market is expected to reach $27.10 billion by 2027."

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Statistic 9

"Medical device cybersecurity spending is projected to reach $1.39 billion by 2024."

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Statistic 10

"Ransomware incidents accounted for 46% of all healthcare data breaches in 2020."

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Statistic 11

"Healthcare sector accounts for 15% of all data breaches across industries."

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Statistic 12

"60% of healthcare organizations have experienced an unintentional data breach."

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Statistic 13

"70% of healthcare data breaches are caused by internal actors."

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Statistic 14

"80% of health insurers reported cybersecurity as their biggest concern for 2021."

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Statistic 15

"Cyberattacks on the healthcare industry increased by 150% in 2021."

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Statistic 16

"93% of healthcare organizations experienced a data breach in the last three years."

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Statistic 17

"Healthcare data breaches increased by 55% in 2020."

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Statistic 18

"Phishing emails are the most common initial attack vector in healthcare breaches, accounting for 66% of incidents."

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Statistic 19

"68% of healthcare breaches involve end-user devices such as laptops and mobile phones."

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Statistic 20

"71% of healthcare organizations report legacy systems as their biggest security vulnerability."

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