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Exploring the science and magic of Identity and Access Management
Monday, October 15, 2018
 

$1,000 per Record?

Information Security, Privacy
Author: Mark Dixon
Tuesday, November 19, 2013
5:49 pm

One Thousand Dollars

Today, I read of at three separate instances where class-action lawsuits have been filed on behalf of people whose personal information had been breached at a healthcare company.  The largest lawsuit, filed against TRICARE, represents 4.9 million affected individuals and is seeking damages of $1,000 per record – a total of $4.9 BILLION. Wow!

This action or other similar lawsuits have yet to be reach court or settlement. Depending on the outcomes, potential costs of litigation and resulting awards to victims may emerge as the single most powerful financial driver to implement good information security in the healthcare industry. 

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