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An estimated 1.4M Americans were victims of medical identity theft in 2009. While this number is only 5% of all reported identity theft incidents, medical identity theft is expected to increase dramatically as new federal regulations defined in the HITECH Act provide incentives for healthcare providers to quickly move medical records online.
Medical identity theft is a great concern not only because of its rapid growth rate, but because it is the most expensive and time consuming to resolve of all types of identity theft. This white paper addresses the impact of a breach to consumers and the business and provides data to support Dr. Ponemon’s conclusions.