Criminals know there are dollars in data and that monetizing medical records is a lucrative pastime.

This trend could foreshadow the next evolution of medical identity fraud. Cyber criminals could sell medical identities to uninsured or underinsured individuals, peddle pharmaceuticals online, obtain and resell expensive medical equipment, or simply file insurance claims by matching up stolen patient and provider identities.

A recent report by Accenture Consulting found that 35 percent of victims reporting medical identity fraud had their identities used for fraudulent billing and 26 percent, for fraudulent services. Ponemon Institute’s earlier study found that 59 percent of victims’ medical credentials were used for health care services and 56 percent, for prescription drugs or equipment.

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By Rodika Tollefson, March 8, 2017, Third Certainty