We have all heard by now that cybersecurity threats through all industry verticals are on the rise. Verticals such as banking and credit services have been sectors ripe for cyber-attacks and data breaches where personal information is targeted. But personal information required for health care services has become a key source for data hackers who are getting smarter -- targeting hospitals for the patient data they require to deliver care and services…it’s enough to make your heart stop. The recent article in Health, Inc. “Hospitals Face Growing Cybersecurity Threats” reminds us how important it is to protect not only the technology that keeps a patient alive and breathing, but also their personal and private health data.
Organizations are facing millions of dollars in fines and fees, decrease in stock, and in most cases damage to the brand and reputation. The article states, “the average cost of a health care breach is estimated to be more than $2.2 million, not to mention the reputation damage. There are two types of people in the world: those that get the cross-reference and those that don’t. Understanding the reasoning behind that statement is key to understanding encryption and tokenization, as well as protecting the organization and the patients they serve.
Determining how best to protect data continues to challenge enterprises. Selecting the best technology for a given need is the first, critical, step before beginning to think of vendor or toolset selection. One of the first decisions that must be made is whether to apply tokenization or encryption when persistent data protection is required. At Prime Factors, we can help answer those questions. We believe data security is a “prime factor” to business continuity.
How Can We Help?
- Prime Factors' EncryptRIGHT makes it easy to deploy encryption and tokenization in many different environments, even for the non-technical. Check out our deployment options.
- An optional tokenization module that reduces the scope and cost of a PCI audit amongst other additional features.
- Our solution is cross platform compatible, giving you the flexibility to launch on a wide range of large computers and PCs.
If you start to feel an increase in blood pressure and still need more, take a deep breath, relax, and click here to watch a 5-minute overview on Prime Factors’ integrated data security software, EncryptRIGHT. We provide data security solutions regardless of your platform, architecture, or industry sector.
Contact us today and let us know how we can help or if you have additional questions about any of our other data security solutions!
To learn how encryption can lower the cost of regulatory compliance while enhancing security, download our white paper Reducing the Cost of Regulatory Compliance with Encryption.