Why is patient data so valuable?

on August 9, 2022

by Ewelina Woloszyn, August 9, 2022

In today’s world, we are hearing more often about the rising trend of cyber attacks on the healthcare industry. Some research even compares that the healthcare patient’s data is more valuable than credit card data, some say its value is around 10-15 times that much. https://www.irishexaminer.com/news/arid-40293149.html 

There are several reasons for that, first of all, a credit card could be canceled, but for healthcare data, there is information that stays with the particular person forever. Getting access to all of that information could end in financial fraud and is much more complex to fix.

Additionally, the healthcare system and patients’ data could be a part of the cyber war between governments and hackers. The digital transformation in each area of our world also includes behaviors that have future consequences for all of us. Those consequences are not only by making the healthcare data more lucrative but any kind of disruption in our healthcare data could influence our health or getting the right treatment and medicine on time. One of our advisors was talking about the cyber wars that are going to appear more in the future. https://aihealthcarecapital.com/blog/the-growing-threat-of-cyber-attacks/

Going further with this path, cyber-attacks that are being made on hospitals could affect the quality of treatment we get. In a more and more connected world, with so many devices that could be a low point, we have to take care of and address challenging issues that are out there. At AI Safety Holdings we pay attention to the challenges that are appearing and coming for the healthcare industry. 

I talked about some other issues related to cybersecurity https://aihealthcarecapital.com/blog/cyber-security-and-ai-to-the-rescue/

AI Healthcare Capital TeamWhy is patient data so valuable?