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The records of 94 million patients have been stolen from healthcare entities so far this year, according to a report from conservative think tank American Action Forum (AAF).

The organization estimated the cost of that theft at $37.4 billion by multiplying that 94 million by the $398 value of each record, as estimated by the Ponemon Institute.

AAF’s report says that in 2013, 90 percent of hospitals claimed to have a computerized system capable of conducting or reviewing a security risk analysis. However, data breaches and the number of records compromised in each breach are increasing. The numbers indicate a 160 percent increase in the average number of records compromised in a single breach from 2014 to 2015, according to the report. Read more…