We have all read about the nonperishable nature of medical data. Whether our medical histories or intellectual property for the next wonder drug, when the bad guys have that data, it is not easy to recover. Why is medical data being stolen? Is it a target or simply collateral damage as part of a different attack? If it is targeted, then that suggests a clear demand; and if there is a demand, then there must be a return on investment. What is the big picture? This research report is about theft in the health care industry. Specifically, we will describe the marketplace for stolen health care industry data and examine the motivations for its theft.