Today’s headlines trumpet yet another high-profile medical data breach, this time through Health Net. This corporate catastrophe reminds us of the increasing hazard of medical fraud, which is the most expensive and time consuming to resolve of all types of identity theft . The second annual National Study on Medical Identity Theft, fielded by the Ponemon Institute provides further insight into this pervasive problem and how it affects consumers.

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For businesses that don’t comply with these new regulations, stiff penalties will be added to the burdensome costs of breaches (and how can you even tabulate costs like the loss of public trust?) The new regulations headed our way in 2011 provide one more reason for businesses to protect themselves from breaches, swiftly take action when a breach has been detected, and stay informed about the legal currents that are taking shape.

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Consumers who are part of a data breach may be more likely to experience identity theft. Learn about sources and consequences of identity theft and the benefits of ProtectMyID. Tweet

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Legislation has been introduced in Congress to crack down on Medicare and Medicaid fraud. This legislation comes at a time when incidents of medical fraud are on the rise and the Obama Administration is poised to role out sweeping healthcare reform.  Medical fraud is estimated to cost the U.S. health care system $100 billion a [...]

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A big fear of business leaders and privacy professionals alike is the accidental breach of customer personally identifiable information (PII) either through the loss or destruction of company property, such as a laptop, by an employee. However, the 2010 Verizon Data Breach Investigations report points to a different data privacy threat that is farther reaching than that of a laptop left on a plane.

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