Abstract
The rapid adoption of advanced technologies such as the Internet of Medical Things (IoMT), smart devices, information systems, and cloud services has transformed the healthcare industry, significantly enhancing accessibility and service delivery. These innovations have improved patient care, streamlined operations, and provided convenience for both providers and patients. However, this progress has also led to increased vulnerability, with the healthcare sector becoming a prime target for cyberattacks. Data breaches have emerged as a major challenge, compromising the confidentiality, integrity, and availability of sensitive healthcare data, with far reaching consequences for organizations, clients, stakeholders, and the broader business ecosystem. This study offers a comprehensive analysis of healthcare data breaches, categorizing various types of breaches and assessing their prevalence, impact, and causes. It investigates the increasing frequency of these breaches, the rising magnitude of compromised records, and the escalating financial losses. The research reveals that hacking and IT-related incidents are the most common causes of breaches, while unauthorized internal disclosures, though less frequent, still pose significant risks. Healthcare data, which is highly valuable, is an attractive target for cybercriminals due to the sensitive nature of personally identifiable information (PII), medical histories, insurance details, and financial data. These breaches can disrupt operations, erode trust, and jeopardize patient safety. Using two time series analysis techniques simple moving average and simple exponential smoothing, the study further analyses historical data to identify trends and project future occurrences of breaches. The findings indicate a troubling upward trend in both the frequency and financial impact of healthcare data breaches, highlighting the urgent need for robust data security measures, improved monitoring, and effective risk management frameworks.