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Health Law

: HIPAA Blog

Data Breach costs

By Jeffery P. Drummond

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Another Good Reason to Avoid Data Breaches: the cost. On average, companies pay about $200 per customer record in responding to a data breach. And that's even if nothing bad happens. And if that's not enough: if you're in the healthcare business, you'll lose 6.5% of your patients. All that is before HIPAA kicks in. Even if you are never cited by OCR, even if you negotiate a $100,000

Full post as published by HIPAA Blog on February 03, 2009 (boomark / email).

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