The cost of a healthcare breach is about $408 per patient record. When organizations factor in the loss of business, productivity, and reputation, and the amount of civil complaints and fines they’ll receive, the price they will have to pay skyrockets. In 2018, the Department of Health and Human Services Office of Civil Rights issued 10 resolutions that totaled $28 million.
Though every industry is susceptible to cyberattacks, healthcare has experienced the largest growth in attacks over the years because patient records, insurance information, and social security numbers are more valuable on the dark web.
Recent data breaches at Quest Diagnostics and LabCorp put sensitive information from nearly 20 million patients at risk, including banking information and history of medical services. The victims have filed dozens of lawsuits against LabCorp and Quest Diagnostics for failing to notify patients in a timely manner and failing to protect their personal data.
Medical testing companies, hospitals, insurance providers, and pharmacies must make it a priority to prevent data breaches like this from happening again. In addition to providing high-quality patient care, protecting patient information is critical. This is why etherFAX built an ecosystem designed for healthcare organizations to securely send and receive sensitive and unstructured data such as patient records, scripts, discharge summaries, medical forms, authorizations, prescriptions, and insurance claims.
The etherFAX Secure Exchange Network (SEN) leverages military-grade encryption and hybrid cloud technology to provide 100% secure communications. etherFAX SEN is Health Insurance Portability and Accountability Act (HIPAA) compliant, Payment Card Industry Data Security Standard (PCI DSS) compliant, SOC 2 compliant, and HITRUST certified. All SEN transactions remain strongly secured between the remote client site and the etherFAX network and Black and White lists place further restrictions on the flow of information.
We also bring end-to-end encryption to etherFAX subscribers through our APIs, which can help you avoid a data breach. To guarantee that information is encrypted from the moment it leaves the sending device or application until it is accepted and validated by the receiving party, etherFAX SENx utilizes well-defined, end-to-end encryption methods such as those defined in the Elliptic Curve Integrated Encryption Scheme (ECIES). Even if a third-party were able to eavesdrop on the network communication, the information itself would be indecipherable.
Interested in extending your existing fax infrastructure to the etherFAX network? Let’s chat!