Ponemon Research Report: Are Risk Assessments Failing to Secure the Third-Party Healthcare Ecosystem?

More than half of all healthcare vendors have experienced a data breach that exposed protected health information (PHI), and it’s a costly problem that points to broken third-party risk assessment processes.The report, “Are Risk Assessments Failing to Secure the Third-Party Healthcare Ecosystem”?, conducted by Ponemon Institute and sponsored by Censinet, shows that 54 percent of healthcare vendors have experienced at least one data breach of protected health information belonging to patients of the healthcare providers they serve. Of those 54 percent of respondents, 41 percent experienced six or more data breaches over the past two years. The average breach costs $2.75 million and exposes nearly 10,000 records.