Medical Identity Theft Expert John Sileo speaks with Fox and Friends about how to avoid medical identity theft, and whether or not it can kill you. Luckily, even if medical identity theft could theoretically kill you, there are excellent and easy steps you can take to catch it early or prevent it entirely. Watch the video and then comment below with your questions or expertise.
There has been a great deal in the news about medical identity theft leading to death. Is it possible? Yes. Is it likely? Less likely than dying of a heart attack because you eat too much bacon. But let’s explore the possibility of death by medical identity theft (below, in this article), and why the threat gets sensationalized (in the video).
Healthcare data breaches are on the rise, 32% over last year. Though some may find this to be alarming, there is a school of thought that this is actually good news and that we are identifying breaches that perhaps went unnoticed in the past. However, the fact remains that breaches are on the rise, statistically, and many organizations fear they lack the infrastructure and budget to protect patient privacy.
The study found the reasons for growing data breaches in healthcare organizations to include:
employee mistakes and sloppiness
lost or stolen mobile computing devices
unintentional employee action
On average, it is estimated that data breaches cost benchmarked organizations $2,243,700. This represents an increase of $183,526 from the 2010 study, despite healthcare organizations’ increased compliance with federal regulations. Respondents in the study noted relying less on an “ad hoc’ process to prevent or detect data breach incidents and are relying more on policies, procedures and security.