A new article from Healthcare Dive has taken a great look at the extra expense healthcare providers face when it comes to data breaches. You can read the whole article, here.

Here are a few of the key takeaways:

• Healthcare remains the most expensive industry for responding to and recovering from data breaches, a rank the sector has held since 2011.
• The average cost for a breach in the industry this year was $9.8 million, a decline from 2023 when the price tag reached $10.9 million.
• Still, expenses from healthcare data breaches far outstrip other sectors. Finance, the second costliest industry for data breaches, reported an average cost of $6.1 million.

Investing in the proper software and practices to prioritize cyber-security is critical.