According to IBM’s Cost of Data Breach Report 2024, the global average cost of a data breach this year reached $4.88 million, an increase of 10% compared to 2023. For the healthcare industry, this report provides both good and bad news. The good news is that the average cost of a data breach has decreased by 10.6% this year. The bad news is that for the 14th year in a row, the healthcare sector has topped the list for the most expensive breach recovery costs, with an average cost of $9.77 million. Ransomware plays a key role in creating this…
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Two doctors standing with their arms crossed in front of their chest, ready to work. Healthcare and medical concept. Find out what data-driven analytics is and what its trends are in healthcare. Currently, the healthcare industry generates approximately 30% of the world’s data. The amount of healthcare data is growing exponentially. RBC Capital Markets has set a benchmark for the healthcare industry’s compound annual data growth rate of 36%. Moreover, this benchmark is expected to be reached by 2025. In comparison, other industries are seeing slower data volume growth: 30% for manufacturing, 26% for financial services, and 25% for media…
SonicWall found that 91% of healthcare breaches in 2024 will involve ransomware. This highlights the urgent need for improved cybersecurity and strong partnerships with MSPs/MSSPs. Milpitas, California, September 26, 2024 /PRNewswire/ — SonicWall today announced the 2024 SonicWall Threat Overview focused exclusively on the healthcare industry. This is based on extensive research from SonicWall Capture Labs. The report revealed that at least 14 million patients in the United States have fallen victim to malware breaches in this area. Despite SonicWall sensors successfully stopping more than 26,000 attacks, this finding shows that healthcare organizations remain prime targets for ransomware due to…
With budget planning season in full swing, businesses are facing a pressing challenge: managing a key budget line item: healthcare costs. A report from the Business Group on Health predicts an unprecedented 8% increase in healthcare costs by 2025, putting employers under pressure as budgets struggle to keep up with the surge. Join us for an insightful discussion designed to delve into how employers are addressing the complex challenges posed by rising healthcare costs while prioritizing the health and well-being of their employees. Sponsored by Personify Health, a leading personalized health platform, the webinar is scheduled for Thursday, October 24th…
New services expand comprehensive care options and provide personalized care in the comfort of your own homeHong Kong Special Administrative Region – Media OutReach Newswire – September 26, 2024 – Hong Kong faces an aging population, making the need for accessible home care more urgent than ever. In response, Quality Healthcare Medical Services Limited (QHMS), a private healthcare provider with over 150 years of history, has launched a fee-based service offering personalized medical services, Quality Healthcare Home Care ( We are proud to announce the launch of Home Care. Home care provides high quality medical support to elderly people and…
Lexington, Kentucky (September 26, 2024) – in UK Healthcare – Turf Land, Trilby Trent’s workspace tells a story. The 58-year-old patient registrar’s desk is decorated with colorful notes and inspirational messages, as well as a sign that reads: “I’m battling peritoneal cancer. What’s your superpower?” A year ago, Trilby was diagnosed with stage 4 cancer and given only months to live. Today, She defies expectations. Working at the UK Family and Community Health Clinic in Turfland, University of Kentucky Markey Cancer CenterTrilby continues to do what she loves most: serving patients. As she continues to live life on her own…
TOLEDO, Ohio (WTVG) – A local nursing home is at the center of a murder investigation, with Arbors of Oregon accused of medically neglecting patients for months.”In the golden years of her life, she deserved to be treated with dignity and respect, and Arbors of Oregon denied her that,” said nursing home abuse attorney Matt Mooney.Lucy Garcia, 72, was a longtime resident of The Arbors at Oregon nursing home.She was recovering from a stroke.She died on July 2, 2024.According to an autopsy report conducted by the Lucas County Coroner, Garcia died as a result of months of medical neglect.Her death…
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TOLEDO, Ohio (WTVG/Gray News) – A family is seeking explanations after their mother died after months of medical malpractice at an Ohio nursing home.Lucy Garcia, 72, died July 2 after months of medical neglect, according to an autopsy report from the Lucas County Coroner’s Office.She was a resident of the Arbors Nursing Home in Oregon for many years.According to the coroner’s report, her death was ruled a homicide due to complications from severe bed sores, also known as sacral decubitus (Stage IV).Matt Mooney, an attorney who handles nursing home abuse cases, said Garcia’s death was tragic.”The pressure sores had already…
AI in healthcare is an overnight success 80 years in the making. As the underlying technology matures for real-world applications, companies reimagining this industry are being met with unprecedented demand. Healthcare AI is having its moment, with an explosion of new entrants and exceptionally high market demand for solutions from established incumbents. We are seeing this play out in the startup ecosystem and across boardrooms at Fortune 500 companies, as CEOs from within the industry and outside are eyeing healthcare AI as an immense market opportunity — from Big Tech and Big Pharma, to the very institutions that are responsible…