BC Advantage - 2015 Issue 3

The Rising Tide of Medical Identity Theft

In March 2014, Nightly Business Report (NBR) released a feature story titled, "Medical ID Theft." Medical identity theft has become a growing issue in healthcare. It was reported that at least 50 million breaches occur each year. Insurance and billing information include social security numbers, billing addresses, and credit cards, creating a goldmine for cyber thieves.Jay Trinckes, CEO and Founder of EagleTrace Security, states, "This report is not surprising, but rather what is alarming is it has taken as long as it has for the healthcare industry to realize the seriousness of the threat to the information...

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