Skip to content

Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

Healthcare Data Breaches Soar in 2024: 305 Million Records Exposed – Bluesight Report

Posted on February 26, 2025February 26, 2025 By Martin Hinton

Healthcare data breaches soared in 2024, with a staggering 305 million patient records compromised, according to Bluesight’s 2025 Breach Barometer. The report highlights a rise in cyberattacks, delayed breach notifications, and increasing cyber insurance costs. All this adds financial pressure to an already strained industry.

Bluesight logo featuring a circular design with a gradient blue swirl on the left and the word "BLUESIGHT" in bold, uppercase blue letters.
Largest Healthcare Breach in History

In one case a single cyberattack impacted the records of 190 million people. The largest healthcare data breach ever recorded. This event affected one in two Americans – half the population. That scale underscores the urgent need for stronger cybersecurity measures.

“The industry is grappling with ongoing cybersecurity threats and struggling to notify patients of breaches,” said Kevin MacDonald, Bluesight’s CEO. “By leveraging machine learning, organizations can better protect patient data while maintaining regulatory compliance.”

Business Associates Pose the Biggest Risk

The report found that third-party vendors and business associates were responsible for 77% of breached records in 2024. While healthcare providers submitted most breach reports, business associates accounted for the largest volume of stolen data.

Cybercriminals targeted third-party entities due to weaker security measures, making them a primary attack vector. Healthcare organizations must enhance vendor oversight to reduce risks from external partners.

Delayed Breach Notifications Leave Patients Vulnerable

On average, it took 205 days for organizations to notify affected individuals after a breach—a 16% increase from 2023. Many breaches went undisclosed for months, preventing patients from taking protective actions like freezing credit or monitoring for fraud.

Long notification delays raised compliance concerns, as regulations require timely disclosures. Failure to report breaches promptly could lead to regulatory fines and reputational damage.

Insider Threats and Hacking Dominate Breach Causes

While external attacks led to most breaches, insider threats surged, with 16 million records exposed due to employee errors or intentional misuse. Insider breaches included unauthorized access to patient records and misconfigured cloud storage.

Still, hacking-related incidents accounted for 82% of all breaches in 2024. Ransomware attacks, credential theft, and data extortion schemes overwhelmed healthcare IT systems, crippling hospital operations and exposing sensitive information.

Cyber Insurance Costs Soar

Rising cyber threats have made cyber insurance more expensive and harder to obtain. Some healthcare organizations face premium hikes, while others struggled to secure coverage due to high-risk profiles. Insurers are tightening underwriting requirements and demanding better cybersecurity controls before issuing policies.

Financial and Operational Impact of Breaches

The financial toll of healthcare data breaches hit $9.77 million per incident on average, according to IBM’s Cost of a Data Breach 2024 report. Expenses included ransom payments, regulatory fines, and class-action lawsuits.

Beyond financial losses, cyberattacks disrupted hospital operations. A ransomware attack on Synnovis, a UK-based provider, severely impacted National Health Service (NHS) operations. The attack delayed patient care for months.

Call for Stronger Cybersecurity Measures

The 2025 Breach Barometer urges healthcare organizations to implement advanced security measures, including:

  • AI-driven monitoring to detect suspicious activity.
  • Strict access controls to limit insider threats.
  • Faster breach detection and response to reduce notification delays.
  • Stronger third-party risk management for business associates.

“Protecting patient data isn’t just a compliance issue; it’s a matter of trust and patient safety,” said MacDonald.

As cyber threats evolve, healthcare providers must prioritize data security to prevent further breaches and maintain patient confidence.

Other News: 183 Million Records Exposed: Key Insights from the 2025 Healthcare Cybersecurity Report(Opens in a new browser tab)

Martin Hinton

Martin Hinton is the Executive Editor and Publisher of Cyber Insurance News and Information. With over three decades of journalism experience across six continents, his work encompasses investigative reporting, documentaries, and coverage of cultural, political, and business news. To learn more about his career, click on his name to visit his LinkedIn page.

Cyber Insurance for Healthcare, Cybersecurity, Cybersecurity Report, Supply Chain Cybersecurity And Insurance Tags:Cyber Insurance Costs, cybersecurity in healthcare, Data Breach Notification, Healthcare Compliance, Healthcare Cyberattacks, Healthcare Data Breaches, Insider Threats, Patient Data Protection, Ransomware Attacks, Third-Party Security Risks

Post navigation

Previous Post: Cyber Risk in 2025: Rising Threats, Stricter Regulations & Insurance Shifts
Next Post: New York State Announces New Cyber Regulations; Exempts Itself

Related Posts

  • Ransomware Attacks Surge 20% in 2024: At-Bay’s New Report Warns Mid-Sized Companies Cybersecurity
  • AI-Powered Cyber Threats Surge: 78% of CISOs Report Major Impact in 2025 AI & Cyber Insurance
  • Cybersecurity Threats: Malicious AI – Cyber Insurance Reshaping Business Risk in 2024 – Chubb Cybersecurity
  • Managed Service Providers Beware – Netwrix Report Cybersecurity
  • Lockton and Axio Launch Strategic Cyber Risk Partnership to Enhance Analytics Cyber Insurance
  • Cybersecurity Gap: Why SMEs Must Catch Up to Large Organizations in Cyber Resilience Cyber Insurance EU

Get the Cyber Insurance Newsletter

Receive weekly updates on the top news on cyber insurance.

Cyber Insurance News

Cyber Insurance News
In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

🛡️ With a background in enterprise-level cybersecurity on Wall Street and a personal connection to small business through his family, Dan shares why Cork focuses on protecting small and mid-sized businesses from rising cyber threats.

🚨 "The threat actors are getting better, and they're coming after Main Street more and more."

👉 Discover why Main Street is being underserved in today's digital threat landscape and how Cork is filling that gap with a unique value proposition.

🔗 Learn more about Cork: corkinc.com
🎧 Full Podcast Episode: www.youtube.com/@CyberInsuranceNews/podcasts

📣 Don't forget to LIKE, SUBSCRIBE, and hit the 🔔 notification bell so you never miss a powerful conversation.

#Cybersecurity #SmallBusiness #MainStreet #DanCandee #CorkProtection #TechForGood #SMBs #PodcastClip #CyberThreats #BusinessSecurity
Cybersecurity for Main Street: Dan Candee on Protecting Small Businesses | CEO of Cork Protection
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

We explore:
• Why Main Street is more vulnerable than Wall Street
• Common SMB cybersecurity blind spots (like ACH fraud)
• The evolving role of managed service providers
• How Cork Protection blends cybersecurity and cyber insurance
• Real-world attack case studies and practical advice for SMBs

Whether you’re a small business owner, MSP, or cyber pro, this episode unpacks how to prepare, prevent, and protect your organization in today’s digital world.

📌 Topics: cybersecurity, cyber insurance, social engineering, SMB protection, ransomware, AI in security, MSPs

🎙 Guest: Dan Candee, CEO of Cork Protection
📢 Host: Martin Hinton, Executive Editor, Cyber Insurance News

👉 Don’t forget to like, comment, and subscribe for more insights on cyber insurance and digital defense!

#CyberSecurity #CyberInsurance #SMB #AI #CyberPodcast #BusinessResilience #smallbusiness #sme
00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

🔐 From credential stuffing to brute force attacks, William explains how cybercriminals use AI to bypass login portals and MFA solutions—putting millions of small business owners at risk.

🎙️ Timestamps:
0:00 - Introduction
6:26 - William Altman on AI and threat actors
6:50 - Credential stuffing, brute force & reused credentials
10:00 - What small businesses can do right now
14:20 - The future of AI in cybercrime

🎧 Don’t miss this crucial update on the cybersecurity landscape for small businesses. Subscribe and stay informed.

#cyberattack #smallbusiness #AI #cybersecurity #CyberCube
Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
Load More... Subscribe

Categories

  • 8-K
  • AI & Cyber Insurance
  • AI & Cybersecurity
  • Critical Infrastructure cyber insurance and security
  • Cyber Cat Bonds/Cyber Catastrophe Bonds
  • Cyber Insurance
  • Cyber Insurance APAC
  • Cyber Insurance Best Practices
  • Cyber Insurance Captive
  • Cyber Insurance Carriers & Brokers
  • Cyber Insurance Claims
  • Cyber Insurance EU
  • Cyber Insurance Financial Institutions
  • Cyber Insurance for Government
  • Cyber Insurance for Healthcare
  • Cyber Insurance for Schools
  • Cyber Insurance for SMEs/SMBs
  • Cyber Insurance For Startups
  • Cyber Insurance for Utilities
  • Cyber Insurance Geographic Markets
  • Cyber Insurance Industry Groups
  • Cyber Insurance Investments and M&A
  • Cyber Insurance Jobs
  • Cyber Insurance Laws & Regulations
  • Cyber Insurance Litigation
  • Cyber Insurance Market Size
  • Cyber Insurance MENA
  • Cyber Insurance News & Information Podcst
  • Cyber Insurance People
  • Cyber Insurance Policies & Strategies
  • Cyber Insurance Premiums
  • Cyber Insurance Reports
  • Cyber Insurance Settlements
  • Cyber Insurance Sunday – Upload
  • Cyber Insurance Systemic Risks
  • Cyber Insurance Tech
  • Cyber Insurance Threats
  • Cyber Insurance UK
  • Cyber Insurance Underwriting
  • Cyber Insurance Wholesaler
  • Cyber Regulations
  • Cyber War Exclusions
  • Cybersecurity
  • Cybersecurity and Credit Ratings
  • Cybersecurity for SMBs
  • Cybersecurity in Education
  • Cybersecurity Investment
  • cybersecurity jobs
  • cybersecurity M&A
  • Cybersecurity people
  • Cybersecurity Report
  • Cybersecurity Training
  • Department of Homeland Security
  • EU Cybersecurity
  • Insurance Linked Securities/ILS
  • Insurance Loss Warranty contract/ILW
  • Managed Service Providers
  • National Association of Insurance Commissioners' (NAIC) model cybersecurity law
  • Non-criminal Claims/Non-Malicious Claims
  • Opinion/Commentary
  • Personal Cyber Insurance
  • Personal CyberSecurity
  • Ransomware Insurance
  • Reinsurance
  • Risk Modeling
  • SEC Cyber Disclosure Rule
  • Small Business
  • Supply Chain Cybersecurity And Insurance

Send Ideas, Requests & Comments




    Tags

    AI AI in Cybersecurity Artificial Intelligence At-Bay Beazley CFC Chubb Cloud Security Coalition Corvus Cowbell Cowbell Cyber crowdstrike cyber attack Cybercrime CyberCube cyber insurace cyber insurance cyberinsurance cyber insurance for small businesses Cyber Insurance Market Cyber liability Insruance cyber liability insurance cyberliabilityinsurance Cyber Resilience Cyber Risk Cyber Risk Management cyber security Cybersecurity cybersecurity insurance Cyber threats Data Breach Data Breaches Howden Lloyds Marsh Microsoft personal cyber insurance phishing Ransomware Ransomware Insurance Resilience Risk Management SecurityScorecard small business
    • Cyber Insurance Books
    • Cyber Insurance Reports & Documents
    • Cyber Insurance Acronyms/Terms
    • Cyber Insurance Companies: Carriers, Brokers & Vendors
    • Industry Response: Potential Federal Insurance Response to Catastrophic Cyber Incidents
    • Ransomware Insurance
    • How Much Is Cyber Insurance?
    • Considerations for Buying Cyber Insurance
    • Cyber Liability Insurance Near Me
    • Cyber Insurance Quote
    • Newsletter
    • Legal Analysis & Full Text of 2023 SEC Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
    • Glossary
    • About Cyber Insurance News
    • Privacy Policy

    • AI Cuts Cyber-Insurance Claim Processing Times By > 80%? AI & Cyber Insurance
    • Iowa County Decides Cyber Insurance Creates More Risk Than It Mitigates  Cyber Insurance for Government
    • One in Five Businesses Hit by Cyberattacks, Lacking Preparedness Cyber Insurance Reports
    • Guy Carpenter Unveils Revolutionary Cyber Reinsurance Product, CatStop+, to Tackle Risk Volatility Reinsurance
    • With IT Supply Chain Now Key Focus of Cyber Insurance, Startup Sells Coverage for Cloud Outages  Cyber Insurance Best Practices
    • Cyber Supply Chain Risks Gain Prominence: Report Cyber Insurance Reports
    • It’s Called the “Roadside Assistance” of Cyber Security for SMBs Cyber Insurance Best Practices
    • Cyber Insurance Sunday – Upload Cyber Insurance

    Related Cybersecurity Sites

    http://www.whatiscyberliability.com

    https://www.whatiscyberinsurance.com

    http://www.ddosattacktutorial.com

    http://www.ransomwareremovaltool.com

    Our Privacy Policy: https://cyberinsurancenews.org/privacy-policy/

    Copyright © 2024 Cyber Insurance News.

    Powered by PressBook Premium theme