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stolen credit card number may fetch over $100. 20In contrast to credit card information, medical records are worth about $10 on the openmarket. 21According to Reuters, cyber criminals are beginning to turn their attention tomedical records due to inadequate security systems in the healthcare industry. 22Hackers can steal names, birth dates, policy numbers, billing information, and diagnosiscodes from healthcare providers, and use the information to create fake IDs to buymedical equipment for resale, or to file false insurance claims. 23This data can be usedto create dossiers on the underground market and before you know it, someone fromanother country is getting an appendectomy in your (or your employee’s, customer’s, orpatient’s) name.2. Competitive Trade Secrets and Intellectual Property.Competitive interests are another reason for data breaches or cyber attacks. Forexample, when a business has a new product coming out that will be a game changer,there comes a risk that competitors will do whatever it takes to keep their market share,even if that means illegally obtaining the other company’s intellectual property. Thesecompetitors pose an additional risk to cyber and data security.20 Jamie Sturgeon, How much is your stolen credit card data worth, anyway? (Sept. 9, 2014 2:44 p.m.),http://globalnews.ca/news/1553514/how-much-is-your-stolen-credit-card-data-worth/ (last visited Jan.13, 2015).21 John Oldshue, Stolen Medical Data Worth 10 Times More Than Credit Card Information (Oct. 1, 2014),http://www.lowcards.com/stolen-medical-data-worth-10-times-credit-card-information-27718 (last visitedJan. 13, 2015).22 Caroline Humer and Jim Finkle, Your medical record is worth more to hackers than your credit card(Sept. 24, 2014 2:24 p.m.), http://www.reuters.com/article/2014/09/24/us-cybersecurity-hospitalsidUSKCN0HJ21I20140924(last visited Jan. 13, 2015).23 Id.March 6, 2015 12 © 3-6-2015 ALFA International Business Litigation P.G.