Fortune reports on an increase in cases of medical identity theft in the United States, which has implications for patients’ health privacy:
In the last five years, the number of data breaches in the medical sector has quadrupled. Last year, for the first time, the medical sector experienced more breaches than any other. It’s again on track to lead in 2014, according to the ID Theft Center. While the health care industry has long suffered fraud by providers or employees fraudulently billing insurers, Medicare, or Medicaid, the medical industry is only just now trying to catch up to the quickly growing threat from hackers.
With the increasing digitization of health information (in the form of electronic health records) and the formation of health exchanges (due to the Affordable Care Act), the trend in medical identity theft is unlikely to abate any time soon. Personal medical information is useful to many different types of criminals, which is why it fetches a higher price on the black market than financial information. Read more »