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Hacking and unauthorized disclosures by malicious insiders are two of the most common causes of data breaches in the healthcare industry. Nevertheless, HIPAA Journal reports that more than 40 million healthcare records have been exposed or disclosed without permission between July 2020 to June 2021 in the US. This is why regulations such as HIPAA heavily protect patient medical records. Patient medical data contains highly sensitive and personally identifiable data types such as: However, data privacy concerns limit the extent of innovation in the healthcare industry. For example, Accenture states that AI clinical health applications can create $150 billion annual savings for the US healthcare industry by 2026.

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