Why is PHI valuable to criminals?

Protected Health Information (PHI) is valuable to criminals because it can be used for identity theft, fraud, and financial crimes. With access to PHI, criminals can impersonate individuals to obtain medical services, prescription drugs, or file fraudulent insurance claims. Additionally, the sale of PHI on the dark web can be lucrative, as it often contains sensitive personal information that can be exploited for various illicit purposes. The sophistication and demand for such data make PHI a prime target for cybercriminals.