@siguza @DysruptionHub @amvinfe @zackwhittaker @campuscodi @euroinfosec
I think I would agree with you for breaches in the business and financial sectors (I remember reporting on one BoA breach and couldn't understand why all of their customers just didn't go find a more responsive bank), but I disagree when we are talking about the healthcare sector.
As the press release from the 2025 Bluesight Breach Barometer reported for U.S. health data breaches disclosed in 2024:
"Beyond operational and trust-related challenges, breaches also had significant financial consequences. Many healthcare organizations faced increased patient churn, as individuals sought alternative providers where available. Rising cyber insurance costs added another layer of strain, with some entities struggling to obtain coverage due to heightened risks. Additionally, hundreds of entities failed to disclose these breaches or notify patients promptly, leaving individuals exposed to prolonged risk and raising compliance concerns."
As a current example of consequences, the Florida Insurance Commissioner recently suspended Mirra Health's license after it outsourced patient data to overseas, unlicensed entities.
We also see some large settlements and corrective action plans as consequences of healthcare sector breaches.
So if your statement about businesses not experiencing consequences unless trade secrets are involved was also intended to include the healthcare sector, I think we just may disagree on that.