Combating the Rising Tide of Medical Identity Theft

10/01/2009

Tags: Data Breach, Healthcare, Fraud Management

A data breach can be a gold mine for medical identity thieves. Learn about medical identity theft and how fraud resolution experience can help resolve the damaging consequences.

Description

Scores of victims' health insurance information is being sold on the black market. Networks of thieves have developed elaborate scams. Medical identity theft is very difficult to detect, which makes this form of fraud extremely dangerous. More than 50% of medical identity theft victims don?t discover they?re a victim until at least a year after the incident occurred. Medical Identity Theft spreads the pain: it is a growing crisis, striking an estimated 1.5 million Americans last year alone. As new federal regulations incentivize healthcare providers to move from paper to online records, healthcare networks of all sizes have become increasingly vulnerable to medical data breaches.

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