Venture Capital, Private Equity, Mergers & Acquisitions (M&A) Activity
Glooko Acquires DIABNEXT® to Expand Diabetes Offerings in France
Glooko, a leading provider of remote patient monitoring and data management solutions for diabetes and related chronic conditions, today announced the acquisition of DIABNEXT, a Paris-based company whose digital health platform helps people with diabetes better manage their conditions and connects to their healthcare providers, so they can
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Healthcare Cybersecurity | Healthcare Data Security | Ransomware | Hospital Security Breaches
Healthcare Is A Cyber Criminal’s Dream, But It Doesn’t Have To Be This Way
Healthcare is a cyber criminal’s dream. It presents the intersection of a data treasure trove, weak security posture, limited resources, complicated supply chain, and patient care delivery. When faced with having to pick a priority to optimize for, healthcare will, of course, always pick delivering healthcare. This means that when tradeoffs must be made and resources are limited immediate patient care is prioritized over anything else.
A great example of this is looking at how
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6 Healthcare Cybersecurity, Ransomware Predictions to Watch in 2022
We reached out to six healthcare executives for their trends and predictions on healthcare cybersecurity and ransomware to watch in 2022.
Milan Shah, Chief Technology Officer of Biofourmis
Cyberattacks on hospitals and health systems will continue their rapid pace in 2022, but as more providers launch hospitals at home and remote patient management programs and the technology has to traverse enterprise firewall boundaries, it provides attackers an extensive new surface area to attack.
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Revenue Cycle Management Can Help Advance The Cybersecurity Mandate
Holding steady in the No. 1 spot, the healthcare industry has held the top rank in IBM’s Cost of Data Breach report for the past 11 years. It’s a lead that seems secure. In just a year from 2020-2021, the average total cost for healthcare for an event increased 29.5%, and now sits at $9.23 million.
Even amidst that threat landscape, the percentage those in the healthcare space spend on cybersecurity hasn’t climbed out of the single digits. Only 6% or less of the IT budget is typically
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2 Overlooked Cost-Effective Healthcare Cybersecurity Strategies to Minimize Risk
The Office of the White House recently issued a Proclamation marking October as Cyber Security Awareness Month and shared this year’s theme: “Do Your Part. Be Cyber Smart.” Threats are indeed on the rise, posing a significant risk to private businesses, public infrastructure, and national security, especially as the nation has increasingly adapted to a remote environment in the continuing battle against COVID. As businesses look to “do their part” to combat cybersecurity threats, they will need
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What COVID-19’s Attack on Healthcare Cybersecurity Taught Us About Its Shortcomings
In the early chaos of the coronavirus pandemic, the healthcare industry struggled to keep up with an influx of patients amidst a shortage of necessary resources. During this time, healthcare staff naturally prioritized the health and safety of their patients, but this led to a marked decline of cybersecurity measures, leaving themselves open to attacks.
Cybercriminals took advantage of the opportunity, and since the start of the pandemic to late 2020, cyberattacks on healthcare firms in the
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3 Ways Healthcare Orgs Can Work to Prevent Insider Security Threats
Though it’s often “highly sophisticated” or “nation-state” attackers that make headlines, the truth is that healthcare’s most overlooked cybersecurity threats are within the IT ecosystem. In fact, according to Verizon’s 2021 Data Breach Investigations Report, nearly 40 percent of all global security incidents in 2020 were caused by inside actors. These insider threats are often not malicious in nature, but accidental errors, such as employees clicking on phishing links, using weak passwords, or
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4 Key Constraints Preventing Healthcare from Proper Cybersecurity
Healthcare was created to help people. So why is this industry the most heavily targeted by cybercriminals and ransomware attacks?
In the first half of 2020 alone, the Department of Health and Human Services saw a nearly 50% increase in the number of healthcare-related cybersecurity breaches. The COVID-19 pandemic forced the healthcare industry to operate at a level that it wasn’t prepared for, which meant emergency facilities were erected without proper security measures in place in order to
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Cybersecurity: The Hidden Health Tech Crisis No One’s Talking About
The life-saving capabilities of technology in a healthcare environment are beyond dispute. Medical professionals in hospital environments rely on networked medical devices to access and share patient information rapidly to reduce the time it takes to make life-saving decisions and deliver essential patient care.
Connected devices in healthcare environments allow medical professionals to monitor patients more closely, improve medical assistance and use data for analytics and medical research.
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Nuvolo Secures Funding from Mayo Clinic to Accelerating OT/Cybersecurity Capabilities in Healthcare
What You Should Know:
- Nuvolo, the world's fastest-growing workplace software company, today announced it has extended its Series C round for a total of $32 million.
- The latest investment comes from Mayo Clinic. Nuvolo will use the investment to advance the company's Operational Technology (OT) cybersecurity solution which helps healthcare organizations, and other OT intensive industries, address the growing challenges posed by the proliferation of cybersecurity threats from
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