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Cyberattack Cost to Healthcare

HealthIT Answers

Art Gross, President and CEO, HIPAA Secure Now!

Bigger business, bigger problems, right? Not necessarily true when it comes to the cost of a cyberattack within the healthcare industry.

A recently published survey brings unexpected results when it comes to comparing large and medium-sized businesses. Surprisingly, medium-sized businesses are hit with cyberattack costs that are nearly 4x that of their larger counterparts at $440,000 compared to the $130,000 of larger businesses. This is broken down by the average cost of a shutdown being 6.2 hours at $21,500 per hour from large hospitals, and the midsize ones reported 10 or more hours at $45,700 as a result of a shutdown. And yet when it comes to being protected against known vulnerabilities, nearly...

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