Nelson Advisors referenced in The American College of Surgeons - 'Surgeons Need to Engage in Battle against Cyberattacks' article

Nelson Advisors referenced in The American College of Surgeons - 'Surgeons Need to Engage in Battle against Cyberattacks' article 

Source: https://www.facs.org/for-medical-professionals/news-publications/news-and-articles/bulletin/2025/april-2025-volume-110-issue-4/surgeons-need-to-engage-in-battle-against-cyberattacks/

Patient data are valuable. Healthcare organizations are lucrative targets for cyberattacks because they possess a wealth of information, specifically patient data, with high monetary and intelligence value.

“So much private information makes it a rich environment,” Young said.

The targeted data include patients’ protected health information, financial information like credit card and bank account numbers, personally identifying information such as Social Security numbers, and intellectual property related to medical research and innovation. (8)

“A patient data record is worth 50 times more than a payment card dataset because of what you can do with it,” Schrader said.

Aside from the valuable personal information, these data also can be used to launch other cyberattacks or conduct insurance fraud. 

(8) IBM. Cost of healthcare data breach is $408 per stolen record, x3 industry average says IBM and Ponemon. July 17, 2018. Available at: https://www.healthcare.digital/single-post/2018/07/17/cost-of-healthcare-data-breach-is-408-per-stolen-record-x3-industry-average-says-ibm-and. Accessed February 28, 2025