Medical Records Worth More To Hackers Than Credit Cards

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HughPickens.com writes Reuters reports that your medical information, including names, birth dates, policy numbers, diagnosis codes and billing information, is worth 10 times more than your credit card number on the black market. Fraudsters use this data to create fake IDs to buy medical equipment or drugs that can be resold, or they combine a patient number with a false provider number and file made-up claims with insurers, according to experts who have investigated cyber attacks on healthcare organizations. Medical identity theft is often not immediately identified by a patient or their provider, giving criminals years to milk such credentials. That makes medical data more valuable than credit cards, which tend to be quickly canceled by banks once fraud is detected. Stolen health credentials can go for $10 each, about 10 or 20 times the value of a U.S. credit card number, says Don Jackson, director of threat intelligence at PhishLabs, a cyber crime protection company. He obtained the data by monitoring underground exchanges where hackers sell the information. Plus “healthcare providers and hospitals are just some of the easiest networks to break into, ” says Jeff Horne. “When I’ve looked at hospitals, and when I’ve talked to other people inside of a breach, they are using very old legacy systems — Windows systems that are 10 plus years old that have not seen a patch.” Read more of this story at Slashdot.

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Medical Records Worth More To Hackers Than Credit Cards

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