MIFA conducted a survey of its members and associates to better understand investments the healthcare industry is making to detect, prevent and mitigate medical identity theft and fraud. Analysis of the results from the 2015 Healthcare Industry Investments to Fight Medical Identity Fraud study paper will help us better understand investment approaches taken by companies in the healthcare industry in terms of dealing with identity theft and fraud. provides the following findings.
Results indicate the healthcare industry is trending upward for investments in technology, processes, programs and human capital to detect, prevent and mitigate medical identity theft and fraud.
Key Findings:
1. Technology investments garnered the highest dollar amount for budget allocations to detect, prevent or mitigate medical identity fraud.
2. Spending is not necessarily completely aligned with strategic priorities. While personnel and human resources/talent ranked highest in priority by 72 percent of respondents, spending is led by IT systems.
3. There is a slight upward trend in spending to detect, prevent and mitigate medical ID theft and fraud has decreased in only 4.17 percent of respondents.
4. Detection systems lead IT spending over prevention and mitigation. Nearly half of respondents listed detection systems as half or more of their total IT budget, compared to just 23% indicating they allocated half or more of their budget to prevention systems.
Thank you to our Working Group Members who supported this project
MIFA Members and Partners, contact Ann Patterson for your complimentary copy. If you are unsure if your company is a member or partner, please see our roster.
To obtain a copy of this report, please make a donation, of any amount, to support our mission to reduce medical identity theft and fraud. You will be directed to the paper after your donation.
]]>Criminal attacks are up 125% compared to five years ago replacing lost laptops as the leading threat. The study also found most organizations are unprepared to address new threats and lack adequate resources to protect patient data.
Access the study, Fifth Annual Benchmark Study on Privacy and Security of Healthcare Data.
]]>The 2014 Fifth Annual Study on Medical Identity Theft measures the prevalence, extent and impact of medical identity theft to consumers and the healthcare industry in the United States. The study was sponsored by the Medical Identity Fraud Alliance (MIFA) with support from MIFA Founding Member companies Kaiser Permanente, ID Experts Corporation, Experian Data Breach Resolution and Identity Finder, LLC, and conducted by the Ponemon Institute.
The incidence of medical identity theft continues to rise. This most recent report shows that it has nearly doubled since the first study five years ago. In 2014, there were almost 500,000 more victims than in 2013.
The out-of-pockets costs to victims has also grown, with twice as many victims experiencing financial costs to correct their medical identities and deal with the resulting problems.
And victims continue to experience serious risks related to their healthcare as a result of being victimized, such as misdiagnosis, mistreatment and delayed healthcare.
Given the high volume of medical records and personal information leaked by healthcare providers and payers, organizations are now more focused on reducing how much unprotected PHI they store and shrinking the target hackers go after so that fewer patients are exposed to the risks of medical identity fraud. Identity Finder was glad to participate in a study that explains what the implications of that unprotected data are for users—and the companies who provide services.— Todd Feinman, CEO, Identity Finder LLC
We especially thank our sponsors for their support of the 2014 Fifth Annual Study on Medical Identity Theft and for their commitment to keeping consumers safe through the prevention, detection and mitigation of this growing problem.
MIFA Members and Partners, contact Ann Patterson for your complimentary copy. If you are unsure if your company is a member or partner, please see our roster.
To obtain a copy of this report, please make a donation, of any amount, to support our mission to reduce medical identity theft and fraud. You will be directed to the paper after your donation.
]]>COSTA MESA, Calif., Dec. 1, 2014 /PRNewswire/ — Preventing and managing data breaches have become two of the highest priorities facing businesses today. To help executives plan ahead, Experian Data Breach Resolution announces the release of its second annual Data Breach Industry Forecast, a white paper outlining key issues and trends to watch for in 2015.
Many evolving factors such as new threats, regulatory changes and technological advances make the data breach landscape difficult to navigate. After handling more than 3,000 data breaches this year and with a decade of experience in the industry, Experian Data Breach Resolution will share six key predictions in the white paper. This latest forecast highlights legislative and medical identity theft topics as well.
The white paper addresses several data breach industry topics:
– The rise — and fall — of payment breaches
– The persistent and growing threat of healthcare breaches
– A fresh breach surface via the Internet of Things
Click here to read the full press announcement.
To download the complimentary white paper, go to the Experian website here.
December 1, 2014, PRNewswire
]]>Read the full press announcement.
Access the study, Risks & Rewards of Online & Mobile Health Services: Consumer Attitudes Explored.
]]>Special thanks to many of our Founding Members for their support of this research and their leadership in the prevention, detection and remediation of medical identity theft.
The newer 2014 Fifth Annual Study on Medical Identity Theft is also available, click here.
MIFA Members and Partners, contact Ann Patterson for your complimentary copy. If you are unsure if your company is a member or partner, please see our roster.
To obtain a copy of this report, please make a donation, of any amount, to support our mission to reduce medical identity theft and fraud. You will be directed to the paper after your donation.
]]>MIFA Members and Partners, contact Ann Patterson for your complimentary copy. If you are unsure if your company is a member or partner, please see our roster.
To obtain a copy of this report, please make a donation, of any amount, to support our mission to reduce medical identity theft and fraud. You will be directed to the paper after your donation.
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