By Paul Banco, etherFAX: It’s nice to finally see organizations that are transitioning to the cloud take security more seriously. The days of self-certification or claiming that you are secure and HIPAA compliant are rapidly fading away.
For organizations without proper data protection and security certifications in place, it’s not a matter of if a data breach will occur – but when. Network and technical vulnerabilities, a lack of regulatory compliance, unencrypted information, and weak credentials all play a part in putting an organization at risk.
Today, the cost of these data breaches come with a hefty price tag – an average of $9.44 million in the U.S. alone, according to IBM Security’s 2022 Cost of a Data Breach Report. Not surprising, the healthcare industry gets hit the hardest with an average of $10.1 million per data breach.