GITNUX MARKETDATA REPORT 2024

Healthcare Cybersecurity Statistics [Fresh Research]

Highlights: Healthcare Cybersecurity Statistics

  • The global healthcare cybersecurity market was valued at $13.82 billion in 2020.
  • In Q3 2020, 74% of data breaches in the healthcare industry were caused by hacking or IT incidents.
  • 31.6 million healthcare records were breached in 2019, up from 14 million in 2018.
  • The average cost of a healthcare data breach in 2020 was $7.13 million.
  • In 2019, healthcare was the second most targeted industry for data breaches.
  • 96% of healthcare organizations have had an email-based security incident.
  • In the first half of 2020, the healthcare sector experienced 51% more cloud security events than the same period in 2019.
  • The cost of a healthcare organization suffering a data breach in 2021 is, on average, $2 million higher than that of other sectors.
  • The average number of days for a healthcare data breach to be identified and contained is 329 days.
  • In 2020, 27% of healthcare cyber-attacks targeted email and collaboration services.
  • 90% of healthcare organizations have experienced a data breach in the past three years.
  • By 2022, global healthcare cybersecurity spending is expected to reach $23.3 billion.
  • 34% of healthcare organizations said that they had IT downtime resulting from a cybersecurity incident in 2020.
  • 45% of healthcare organizations experienced at least one cyber incident in 2020 that exposed patient data.
  • 62% of healthcare IT professionals list targeted phishing as the most significant threat to their organizations.
  • The healthcare industry accounted for 37% of all reported ransomware attacks in Q3 2020.
  • In 2019, healthcare companies spent an average of $1.4 million on security training and $3.34 million on technology to prevent security breaches.
  • Four out of five healthcare organizations lack the resources, process, and people needed to manage security threats effectively.

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The healthcare industry is facing an unprecedented level of cyber threats. According to a recent report, the global healthcare cybersecurity market was valued at $13.82 billion in 2020 and this number is expected to reach $23.3 billion by 2022. In Q3 2020 alone, 74% of data breaches in the healthcare sector were caused by hacking or IT incidents while 31.6 million records were breached in 2019 – up from 14 million just one year prior.
Ransomware attacks have also been on the rise with 92 individual ransomware attacks impacting over 600 separate facilities last year and 45% more cloud security events than during the same period in 2019 being reported for H1 2020 compared to H1 2019. The average cost of a breach has risen too; it now stands at around $7 million per incident which makes it significantly higher than other sectors ($5m).
Furthermore, 58% of cyber-attacks are carried out internally via insiders while 96% of organizations have experienced email-based security incidents and 90 percent have suffered some form of data breach within three years according to research conducted by Deloitte & Touche LLP (Deloitte). Finally, 34 percent had IT downtime resulting from a cybersecurity incident last year as well as 62 percent listing targeted phishing as their most significant threat – making clear that there’s still much work left ahead when it comes to protecting patient information against malicious actors online.

The Most Important Statistics
The global healthcare cybersecurity market was valued at $13.82 billion in 2020.

This statistic is a testament to the importance of healthcare cybersecurity in today’s world. It shows that organizations are investing heavily in protecting their data and systems from malicious actors. This is a clear indication that healthcare cybersecurity is a priority for many organizations, and that they are taking the necessary steps to ensure their data is secure.

In Q3 2020, 74% of data breaches in the healthcare industry were caused by hacking or IT incidents.

This statistic is a stark reminder of the importance of cybersecurity in the healthcare industry. It highlights the fact that hacking and IT incidents are the primary cause of data breaches in the healthcare sector, and that organizations must take steps to protect their data from malicious actors. This statistic is a call to action for healthcare organizations to prioritize cybersecurity and ensure that their systems are secure.

Healthcare Cybersecurity Statistics Overview

31.6 million healthcare records were breached in 2019, up from 14 million in 2018.

This statistic is a stark reminder of the need for improved healthcare cybersecurity. It shows that the number of healthcare records breached in 2019 was more than double the amount breached in 2018, indicating that the security measures in place are not sufficient to protect patient data. This highlights the urgency of the situation and the need for healthcare organizations to take steps to strengthen their cybersecurity protocols.

The average cost of a healthcare data breach in 2020 was $7.13 million.

This statistic is a stark reminder of the immense financial burden that healthcare data breaches can impose. It serves as a warning to healthcare organizations that they must take the necessary steps to protect their data and systems from malicious actors. The cost of a data breach is not only financial, but also includes the potential for reputational damage and loss of trust from patients. Healthcare organizations must prioritize cybersecurity to ensure that their data and systems remain secure.

In 2019, healthcare was the second most targeted industry for data breaches.

This statistic serves as a stark reminder that healthcare is a prime target for cybercriminals. It highlights the need for healthcare organizations to take proactive steps to protect their data and systems from malicious actors. It also underscores the importance of staying up-to-date on the latest cybersecurity trends and best practices to ensure that patient data remains secure.

96% of healthcare organizations have had an email-based security incident.

This statistic is a stark reminder of the importance of cybersecurity in the healthcare industry. It highlights the fact that email-based security incidents are a major threat to healthcare organizations, and that organizations must take steps to protect themselves from these types of attacks. It also serves as a warning to healthcare organizations to be vigilant in their cybersecurity efforts and to take the necessary steps to protect their data and systems.

In the first half of 2020, the healthcare sector experienced 51% more cloud security events than the same period in 2019.

This statistic is a stark reminder of the growing threat of cyberattacks in the healthcare sector. It highlights the need for healthcare organizations to take proactive steps to protect their systems and data from malicious actors. With the increasing reliance on cloud-based services, healthcare organizations must ensure that their security measures are up to date and effective in order to protect their sensitive data and systems.

The cost of a healthcare organization suffering a data breach in 2021 is, on average, $2 million higher than that of other sectors.

This statistic is a stark reminder of the immense financial burden that healthcare organizations face when they suffer a data breach. It highlights the need for healthcare organizations to invest in robust cybersecurity measures to protect their data and minimize the risk of a costly breach.

The average number of days for a healthcare data breach to be identified and contained is 329 days.

This statistic is a stark reminder of the importance of healthcare cybersecurity. With an average of 329 days for a breach to be identified and contained, it is clear that healthcare organizations need to be proactive in their security measures to ensure that patient data is not exposed for such a long period of time.

In 2020, 27% of healthcare cyber-attacks targeted email and collaboration services.

This statistic is a stark reminder of the importance of email and collaboration services in healthcare cybersecurity. It highlights the need for healthcare organizations to prioritize the security of these services, as they are a major target for cyber-attacks. It also serves as a warning to healthcare organizations to be vigilant in their security measures, as cyber-attacks on email and collaboration services can have serious consequences.

90% of healthcare organizations have experienced a data breach in the past three years.

This statistic is a stark reminder of the importance of healthcare cybersecurity. It highlights the fact that data breaches are a real and present danger to healthcare organizations, and that organizations must take steps to protect their data and systems from malicious actors. It also serves as a warning to healthcare organizations that they must remain vigilant and take proactive measures to protect their data and systems from cyber threats.

By 2022, global healthcare cybersecurity spending is expected to reach $23.3 billion.

This statistic is a stark reminder of the importance of healthcare cybersecurity. With the global healthcare industry expected to invest over $23 billion in cybersecurity by 2022, it is clear that the industry is taking the threat of cyberattacks seriously. This is a significant investment that will help protect patient data, medical records, and other sensitive information from malicious actors. It is a sign that healthcare organizations are taking the necessary steps to ensure the security of their systems and the safety of their patients.

34% of healthcare organizations said that they had IT downtime resulting from a cybersecurity incident in 2020.

This statistic is a stark reminder of the importance of cybersecurity in the healthcare industry. It highlights the fact that even with the best security measures in place, healthcare organizations are still vulnerable to cyberattacks. This statistic serves as a warning to healthcare organizations to take the necessary steps to protect their systems and data from malicious actors. It also serves as a reminder that cybersecurity is an ever-evolving field and that healthcare organizations must stay up-to-date with the latest security trends and technologies in order to protect their systems and data.

45% of healthcare organizations experienced at least one cyber incident in 2020 that exposed patient data.

This statistic is a stark reminder of the importance of healthcare cybersecurity. It highlights the fact that, despite the best efforts of healthcare organizations, cyber incidents are still occurring and patient data is being exposed. This statistic serves as a warning to healthcare organizations to take the necessary steps to protect their systems and data from cyber threats.

62% of healthcare IT professionals list targeted phishing as the most significant threat to their organizations.

This statistic is a stark reminder of the importance of cybersecurity in the healthcare industry. It highlights the fact that phishing is a major threat to healthcare organizations, and that IT professionals are taking this threat seriously. It also serves as a warning to healthcare organizations to take the necessary steps to protect their data and systems from malicious actors.

The healthcare industry accounted for 37% of all reported ransomware attacks in Q3 2020.

This statistic is a stark reminder of the importance of healthcare cybersecurity. It highlights the fact that the healthcare industry is particularly vulnerable to ransomware attacks, and that organizations in this sector must take extra precautions to protect their data and systems. It also serves as a warning to other industries that they too must be vigilant in their cybersecurity efforts.

In 2019, healthcare companies spent an average of $1.4 million on security training and $3.34 million on technology to prevent security breaches.

This statistic is a stark reminder of the importance of cybersecurity in the healthcare industry. It highlights the need for healthcare companies to invest in both training and technology to protect their data and systems from malicious attacks. It also shows that healthcare companies are taking the threat of cybercrime seriously and are willing to invest significant resources to ensure their data is secure.

Four out of five healthcare organizations lack the resources, process, and people needed to manage security threats effectively.

This statistic is a stark reminder of the dire need for healthcare organizations to invest in the resources, processes, and personnel necessary to protect against security threats. It highlights the fact that the majority of healthcare organizations are ill-equipped to handle the ever-growing cyber threats they face, leaving them vulnerable to attack. This is a concerning reality that must be addressed if healthcare organizations are to remain secure.

Conclusion

The statistics presented in this blog post demonstrate the severity of healthcare cybersecurity threats and their increasing prevalence. The global healthcare cybersecurity market was valued at $13.82 billion in 2020, with 74% of data breaches caused by hacking or IT incidents that same year. In 2019, 31.6 million records were breached – a 45% increase from 2018 – while 92 individual ransomware attacks impacted over 600 separate facilities in 2020 alone. Furthermore, the average cost of a breach is now estimated to be around $7 million per incident and 58% are carried out by insiders; making it the second most targeted industry for cyber-attacks after finance & insurance services (according to PR Newswire).

Email security remains an issue as 96% of organizations have experienced email-based security incidents, while cloud security events increased 51%. Healthcare companies spent an average of $1.4 million on training and $3.34 million on technology last year but still lack resources needed to manage threats effectively according to MeriTalk research findings; leaving them vulnerable against attackers who can exploit these weaknesses for financial gain or malicious intent such as stealing patient information or disrupting operations through downtime due to ransomware attacks which accounted for 37% all reported cases during Q3 2020 (Total Advisory Partners).

It’s clear that healthcare organizations must take proactive steps towards improving their defenses if they want protect themselves from increasingly sophisticated cybercriminals looking target them specifically because they know how valuable medical data is worth on dark web markets today – not just financially but also strategically given its potential use within state sponsored espionage campaigns too.

References

0. – https://www.statista.com

1. – https://www.ibm.com

2. – https://www.redscan.com

3. – https://www.hitconsultant.net

4. – https://www.infosecurity-magazine.com

5. – https://www..deloitte.com

6. – https://www.grandviewresearch.com

7. – https://www.darkreading.com

8. – https://www.totaladvisorypartners.com

9. – https://www.meritalk.com

10. – https://www.proofpoint.com

11. – https://www.prnewswire.com

12. – https://www.rand.org

13. – https://www.hipaajournal.com

FAQs

What are the common types of cyber threats faced by the healthcare industry?

The common types of cyber threats faced by the healthcare industry include phishing attacks, ransomware, malware, insider threats, and distributed denial of service (DDoS) attacks.

Why is the healthcare industry a prime target for cyberattacks?

The healthcare industry is a prime target for cyberattacks due to the high value and sensitivity of personal health information (PHI), often outdated or unpatched systems, the need for uninterrupted service, and a lack of cybersecurity training among healthcare personnel.

What are the potential consequences of a successful cyberattack on a healthcare organization?

The potential consequences of a successful cyberattack on a healthcare organization may include compromised patient data, financial loss, interruption of services, damage to the organization's reputation, and potential legal penalties for non-compliance with data protection regulations.

How can healthcare organizations implement effective cybersecurity measures?

Healthcare organizations can implement effective cybersecurity measures by conducting regular risk assessments, securing networks and devices, implementing strong access controls, providing cybersecurity training for employees, and maintaining a robust and tested incident response plan.

What role does data encryption play in ensuring healthcare cybersecurity?

Data encryption plays a vital role in healthcare cybersecurity by protecting patient information, both in transit and at rest, ensuring that even if data is intercepted or accessed by an unauthorized individual, the information remains unreadable and secure.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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