Not only is healthcare one of the world’s most data-intensive industries, but the sensitive nature of that data poses some unique and daunting challenges for healthcare providers. No matter the size of the organization — from single, independent medical practices to large, integrated systems with multiple facilities — providers have stringent requirements for data retention, access, and protection, often set by government regulations.
Health data is a prime target for cybercriminals. Healthcare has been named the industry most vulnerable to data breaches, with hospitals accounting for 30% of all large data breaches. Between remedial actions, legal costs, and lost community trust, compromised health information is expected to cost healthcare institutions up to $6 trillion by the end of 2020. That’s double the $3 trillion figure published in 2017. The data healthcare companies need to protect contain highly regulated Protected Health Information (PHI) relating to a patient’s physical health, and personal information that cyber criminals can use for identity theft.
Stakes are high for organizations that fail to properly protect patient data. Risks could include noncompliance with data security and patient privacy regulations such as HIPAA and GDPR, severe financial penalties and losses, and damage to the reputations of both providers and patients.
The last line of defense is a robust and secure backup solution that can meet the following requirements, while also reducing operational costs:
Compass®, Cobalt Iron’s enterprise-scale data protection solution, addresses these requirements and many more. Compass takes the pressure off resource-strapped data backup and recovery teams and helps them migrate off costly or redundant legacy solutions.
Here’s how Compass uniquely overcomes the complex challenges of healthcare data protection:
Learn more about how Compass is the smart, secure, automated choice for your healthcare organization. Download this Case Study on a Compass hospital system deployment.