News item: Why hackers want your health care data most of all

From the Infoworld article:

…Retailers and banks tend to be popular cyber crime targets, but criminals understand that stealing health care records can be as valuable, if not more.

Financial data has a finite lifespan because it becomes worthless the second the customer detects the fraud and cancels the card or account. Most forums for such data have a high enough surplus of stolen payment cards that they have fire sales.

But information contained in health care records has a much longer shelf life and is rich enough for identity theft. Social Security numbers can’t easily be cancelled, and medical and prescription records are permanent. There’s also a large market for health insurance fraud and abuse, which may be more lucrative than simply selling the records outright in forums…

{Snip}

…Many experts believe the health care breaches are not the work of typical cyber crime gangs but of state-sponsored, well-funded groups. The Community Health hack, the first big health care breach, is widely believed to be the work of a Chinese espionage group…

Read the full article at the link:
http://www.infoworld.com/article/2983634/security/why-hackers-want-your-health-care-data-breaches-most-of-all.html

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