Medical Identity Theft Is the Silent Epidemic—We’re Here to Stop It In 2024 alone, over 180 million medical records were breached in the U.S.—more than half the population. Unlike credit card fraud, medical identity theft is life-threatening and nearly impossible to detect. Stolen health records aren’t just used for financial fraud; they can alter patient data, endanger lives, and max out insurance policies—leaving victims without coverage when they need it most. A single stolen medical record sells for $1,000 on the dark web—compared to just $5 for a stolen credit card. Why? Because healthcare data contains: ?? Social Security numbers ?? Birth dates & addresses ?? Insurance details ?? Medical history & prescriptions The worst part? Victims often don’t know their data has been stolen until it’s too late. Only 10% ever find a resolution, and those who do spend 200+ hours fighting to reclaim their identity. WAULT — The Future of Healthcare Data Security: We’ve built WAULT, a biometric-sealed virtual vault that secures, organizes, and verifies personal medical records—ensuring only trusted, verified providers can access sensitive information. Our WAULT platform: ? Eliminates hacking risks with private, uniquely authenticated vaults ? Uses multi-factor authentication & digital identity verification ? Limits data exposure with time-sensitive access controls Instead of storing millions of patient records in centralized, vulnerable hospital databases, each record is individually secured, making large-scale breaches too complex and costly for hackers to exploit. With healthcare breaches at an all-time high, the time to act is now. Let’s build a future where medical data stays protected—and where patients remain in control of their own records. Let’s connect. Join us in transforming healthcare security: https://lnkd.in/et5rizAa
关于我们
At WYMSICAL, our passion is to empower businesses to accomplish more, reach further and achieve better results. We created our innovative software WAULT so that businesses can instantly authenticate people and documents in real-time. This revolutionary technology protects businesses while maximizing profit and improving customer satisfaction.
- 网站
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https://invest.wault.com/
WYMSICAL的外部链接
- 所属行业
- 数据安全软件产品
- 规模
- 2-10 人
- 总部
- Greenwich,Connecticut
- 类型
- 私人持股
- 创立
- 2018
- 领域
- Cyber Security、Business Software、Data Integrity、Self-Sovereign、Personal Data、Privacy、Trust、Web 3.0、Productivity、CCPA Compliance、GDPR Compliance和IT Professional
产品
WAULT
以数据为中心的安全软件
The WAULT app secures business transactions and reduces fraud by instantly authenticating customer ID and payment method.
地点
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主要
15 E Putnam Ave
#275
US,Connecticut,Greenwich,06830
WYMSICAL员工
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Thomas Cali
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Merav Resistal
Blockchain enthusiastic, Product freelancer, Co founder @Philantrom @wault
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Liwen Yaacoby
Co-founder & CEO of WYMSICAL | Advisor | Angel Investor | Thought Leader | Innovator | Board Member | Mentor
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Eddie Oddo
VP, Sales & Strategy at Proof | Strategic Executive | Board Advisor | GTM & Revenue Growth | C-Suite Strategist | Real Estate, Mortgage…
动态
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Healthcare Data Breaches Are a Billion-Dollar Crisis—We’re Here to Stop Them In 2024 alone, data breaches cost the healthcare industry $5.3 billion, exposing the personal medical records of nearly one-third of the U.S. population. With the continued shift to electronic medical records, this threat is only growing. The February 2024 UnitedHealth cyberattack was the largest breach of protected health information (PHI) in history, compromising at least 100 million individuals’ data—surpassing the 2015 Anthem breach of 78.8 million. Why Is Healthcare Data So Valuable to Hackers? Unlike credit card fraud, where stolen numbers can be quickly canceled, medical identity theft is nearly impossible to detect and takes years to resolve. PHI includes: ?? Social Security numbers ?? Birth dates ?? Addresses ?? Credit card numbers ?? Medical history On the black market, stolen PHI is worth 200 times more than credit card data, making healthcare a prime target for cybercriminals. Only 10% of victims of medical identity theft ever achieve a satisfactory resolution, with many spending over 200 hours trying to reclaim their identities. WAULT — The Future of Medical Data Security: We’ve built WAULT, a biometric-sealed virtual vault that secures, organizes, and verifies personal medical records—ensuring only trusted, verified providers can access sensitive information. Our multi-factor authentication, digital identity verification, and time-limited data exposure model makes hacking virtually impossible. Instead of storing millions of patient records in centralized, vulnerable hospital databases, each medical record is secured in a private, uniquely authenticated vault, making large-scale breaches too labor-intensive for hackers to exploit. Invest in the future of healthcare security. Let’s connect: https://ow.ly/LFLW50V90SU
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