Medical identity theft can be just as devastating — if not more so — as any other type of personal data theft. And according to a new report, medical identity theft is skyrocketing.
The Medical Identity Fraud Alliance (MIFA) recently released its “2014 Fifth Annual Study on Medical Identity Theft,” which measures the prevalence, extent and impact of medical identity theft to consumers and the U.S. healthcare industry. The Ponemon Institute conducted the study.
The study found that the incidence of medical identity theft continues to rise. Medical identity theft has nearly doubled since the first study conducted five years ago — and there were nearly 500,000 more victims in 2014 than in 2013, MIFA says.
“Victims continue to experience serious risks related to their healthcare as a result of being victimized, such as misdiagnosis, mistreatment and delayed healthcare,” MIFA notes. “The out-of-pocket costs to victims has also grown, with twice as many victims experiencing financial costs to correct their medical identities and deal with the resulting problems.”
You can request a free copy of the report at http://medidfraud.org/2014-fifth-annual-study-on-medical-identity-theft/