Data Theft Booming in Health Care

Startling revelation in Health care and pharmaceutical sectors have come up because they have claimed a mysterious disappearance of their important documents facing an unaccounted loss of important documents such as product patents, product dossiers from their systems. Data security has always been one of the top priorities for any organization. Loss of important data posses a critical threat in almost all the business sectors across the world. Lately, health care and allied companies have been facing a similar menace and have been targeted as well.

This vertical has lost most of their electronic medical records and has been facing a problem of data being leaked to unknown source. Pharmaceutical products consisting of formulations of medicines and clinical research records are prone to leak into the hands of competitors and other undesired sources. Besides the report also placed Hospitals and health sector firms in the third position and claimed 15.6% of such organizations hit by the similar menace. Most of the data loss have occurred during their transfer from one system to other system or presumably hacked by third party users and in other cases displaced by the internal staff of organizations.

Loss of data from hospitals and health care facilities has resulted to disappearance of millions of Electronic Medical Records belonging to patients from US and other countries. This has indeed caused a panic among CEOs of health care companies worldwide as loss of medical records have contributed to rise in identity theft business. Black market has been profiting from records relating to health insurance plans, medical transcripts and other sensitive medical documents belonging to various people.

Might this sort of misuse of information bring deprivation and hidden handicaps to so many people and medical service providers? While conventional hospital information management systems may prove vulnerable against high tech thieves and may be unable to safeguard their important documents. Data breach and its theft can be either traced to the internal affairs within organization or an external breach by the third party individual or a group. Stolen medical records have been giving rise to identity theft market and cause health care organizations to lose their reputation in the eyes of their valued customers.

The prevalent problem at hand is that so many organizations are unable to afford a better security package to store and safeguard their data. In addition to this, the conventional security programs implemented by health care organizations may not be well equipped to face technologically advanced threats or many organizations are unable to afford for enhanced security measures due to restricted budget.
Information Rights Management (IRM) is one such solution that offers a unique security solution to such a menace. IRM solutions have dynamic security features with various tools and functionality and are easy to use.

IRM solution can provide with a complete package of database management like data tracking, cyber forensics and enhanced encryption such that it can travel within and beyond the network boundary of any organization without any risk of data theft or cyber piracy. It can provide complete details regarding the IP location of the user who is accessing the particular information document. Along with its unique security features, it is also economic and can easily be implemented in the regular budget of any organization.

These discrepancies emanating from the ill orders of the system in place need to be plugged and probable solution as suggested above should be taken into account. It is better to eliminate the scar before it gets matured for surgery.