Determining the right level for your IT security investment

Abstract

Investing sufficiently in IT security not only is essential for a healthcare organization's protection, but also is a responsibility to patients, and its success depends on its being addressed at all levels of management. Hospital data security breaches have the potential to cost as much as $7 million, including fines, litigation, and damaged reputation. Response and cleanup alone can cost hundreds of thousands of dollars. Developing and following an annual action plan for IT security can lower hospitals' IT security costs in the long run.