The Evolving Landscape of Electronic Medical Records Security - Trends, Data Breach Impacts, and HIPAA Regulation Developments
The global healthcare cybersecurity market is projected to reach $35.3 billion by 2028, with an 80% incidence rate of data breaches among healthcare organizations as of 2023. The average cost of a healthcare data breach is estimated at $4.45 million, emphasizing the critical need for advanced cybersecurity measures. Recent HIPAA regulation updates aim to enhance electronic health information protection, reflecting the urgent demand for comprehensive cybersecurity solutions in healthcare.