The cost of a data breach is highest for organizations in the healthcare industry, with the average cost of a breach at $9.77 million in 2024, according to IBM’s latest Cost of a Data Breach report. Phishing and stolen or compromised credentials were the two most common attack vectors this year.
This aligns with a finding from Verizon’s 2023 Data Breach Investigations Report: Nearly three-fourths of all data breaches involve a human element, whether that’s an error, privilege misuse, credential theft or social engineering (techniques used by a bad actor to convince a person to provide information or click a link).
“If you think about what that means, the technology you put in place isn’t what’s going to protect you; it’s the people who are behind those screens, and that’s who you need to focus on,” said Travis Gleinig, vice president and CIO at New Jersey-based United Methodist Communities, at the LeadingAge Annual Meeting in Nashville, Tenn.
During a session on cybersecurity for the aging-services industry, senior care and security experts discussed the ways organizations get hacked and what they can do to better protect patients, residents and businesses from evolving cyberthreats.
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