FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTOR
Healthcare sector is identified as particularly vulnerable to digital data breaches and damages caused by illegal use of personal and confidential information. Facing such dangerous threat medical entities need to estimate financial consequences of potential cyber attack leading to a breach of pati...
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| Format: | Article |
| Language: | English |
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Nicolaus Copernicus University in Toruń
2018-03-01
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| Series: | Copernican Journal of Finance & Accounting |
| Subjects: | |
| Online Access: | https://apcz.umk.pl/CJFA/article/view/16356 |
| _version_ | 1797720897422884864 |
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| author | Marta Meisner |
| author_facet | Marta Meisner |
| author_sort | Marta Meisner |
| collection | DOAJ |
| description |
Healthcare sector is identified as particularly vulnerable to digital data breaches and damages caused by illegal use of personal and confidential information. Facing such dangerous threat medical entities need to estimate financial consequences of potential cyber attack leading to a breach of patients’ data. The paper’s aim is to provide an overview of the consequences of digital data breach in healthcare sector and their financial impact – comparing Polish and global perspective. The research method used was analysis and comparison of international literature, reports, case studies, statistics concerning data breaches in healthcare sector as well as new legal regulations applicable in European Union. The results of the research show that estimations of total digital data breach costs vary widely among various reports and analysis. The main reasons are application of different methods of estimation and lack of complete and reliable databases due to insufficient disclosure of cyber incidents. In addition, the most important conclusion of the paper is that there is an urgent need to conduct research concerning probable data breach costs in Polish healthcare sector, since studies pursued by renowned organisations have not covered Poland so far.
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| first_indexed | 2024-03-12T09:26:12Z |
| format | Article |
| id | doaj.art-41592f1dab7844ca8f8e3aa344c66575 |
| institution | Directory Open Access Journal |
| issn | 2300-1240 2300-3065 |
| language | English |
| last_indexed | 2024-03-12T09:26:12Z |
| publishDate | 2018-03-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Copernican Journal of Finance & Accounting |
| spelling | doaj.art-41592f1dab7844ca8f8e3aa344c665752023-09-02T14:11:26ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652018-03-0163FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTORMarta Meisner0Nicolaus Copernicus University in Torun Healthcare sector is identified as particularly vulnerable to digital data breaches and damages caused by illegal use of personal and confidential information. Facing such dangerous threat medical entities need to estimate financial consequences of potential cyber attack leading to a breach of patients’ data. The paper’s aim is to provide an overview of the consequences of digital data breach in healthcare sector and their financial impact – comparing Polish and global perspective. The research method used was analysis and comparison of international literature, reports, case studies, statistics concerning data breaches in healthcare sector as well as new legal regulations applicable in European Union. The results of the research show that estimations of total digital data breach costs vary widely among various reports and analysis. The main reasons are application of different methods of estimation and lack of complete and reliable databases due to insufficient disclosure of cyber incidents. In addition, the most important conclusion of the paper is that there is an urgent need to conduct research concerning probable data breach costs in Polish healthcare sector, since studies pursued by renowned organisations have not covered Poland so far. https://apcz.umk.pl/CJFA/article/view/16356cybersecuritydata breachhealthcare |
| spellingShingle | Marta Meisner FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTOR Copernican Journal of Finance & Accounting cybersecurity data breach healthcare |
| title | FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTOR |
| title_full | FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTOR |
| title_fullStr | FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTOR |
| title_full_unstemmed | FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTOR |
| title_short | FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTOR |
| title_sort | financial consequences of cyber attacks leading to data breaches in healthcare sector |
| topic | cybersecurity data breach healthcare |
| url | https://apcz.umk.pl/CJFA/article/view/16356 |
| work_keys_str_mv | AT martameisner financialconsequencesofcyberattacksleadingtodatabreachesinhealthcaresector |