In IBM’s 2022 Cost of a Data Breach report, the company revealed that the global average cost of a data breach was $4.35 million. In the healthcare sector, however, that number skyrocketed to $10.1 million. Why is an attack on a healthcare organization so much more costly? While part of this comes down to the fact that healthcare organizations often have big budgets, and so might be able to pay big ransoms, the biggest part of the answer is consequences. In there, real lives are at stake. Downed
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Malware
Why Data Resilience in Healthcare Needs a Routine Physical
The greatest innovation in healthcare in the last twenty years is something that connects us all… data. At any given moment, healthcare facilities, hospitals and more rely on data to operate more efficiently, drive forward patient care and further develop medical research. Even in the last two years, data has been paramount to the development of mRNA technology that has helped us combat the COVID-19 crisis and even led to a new treatment for type-two diabetes. The recent medical
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How Hospitals Can Safely & Effectively Continue Patient Care Amid Rising Cybersecurity Risks
The world we live in is becoming increasingly integrated, and as it does, the amount of data also increases. It is estimated that 2.5 quintillion bytes – that’s 2,500,00,00,000 million, for perspective – are created, captured, and shared every day, and experts predict that number will grow exponentially in the coming years. Estimates show that the healthcare industry generates about 30% of the world’s data volume. That number is expected to reach a compound annual growth rate of 36% within the
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How and Why Device-as-a-Service Should Be an Employee Benefit
The Great Resignation changed how companies approach attracting and retaining talent. These days, it’s not enough to offer a competitive salary and traditional benefits like health insurance and a 401k. Employees have put an increased focus on flexibility – and the tools that support it. Phones and tablets aren’t the flashiest perk a company can offer. Still, they’re the type of lifestyle benefit that offers clear value for employees – and helps address pain points for companies
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Cybersecurity: Is SOC2 Worth The Hype for Healthcare Organizations?
The healthcare industry has always been a prominent target for cybercriminals worldwide. They can access high-value patient PHI/PII data and use it maliciously to disrupt the patient’s treatment routine and bring down uptime, which is critical. It has repercussions on patients, doctors, hospitals, and everything associated with the healthcare ecosystem. Information security is a reason for concern for all organizations, including those that outsource key business operations to third-party
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Security and Compliance Oversight Will Reduce Business Communication Risk for Healthcare in 2023
Cyber attacks on healthcare organizations are by no means just as simple as hackers going after healthcare data for the sake of obtaining critical data of patients, their families, or the organization's employees. A growing number of these attacks are executed by nation-states and other organized criminal organizations, which have the financial resources and the expertise to launch ever-more sophisticated and costly assaults against these organizations. Some of these attacks have been traced
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Protecting AI’s Boundless Potential in Healthcare
Artificial intelligence can do amazing things for patients, providers and the healthcare business — but only if the right cyber safeguards are in place. For more than a decade, a cybercrime syndicate known as Evil Corp has tormented organizations around the world with malware and ransomware attacks. And now, it seems, the group has designs on healthcare companies. “Evil Corp should be considered a significant threat to the U.S. health sector,” the Health Sector Cybersecurity
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Keeping Telehealth in Great (Security) Shape
COVID-19 turned telehealth into a household term, transforming the services that healthcare providers can offer patients. Thanks to advancements in connectivity, global experts in rare procedures and conditions can connect virtually to share knowledge with local medical practitioners and surgeons – and can conduct remote consultations in the comfort and privacy of patients’ homes worldwide. Telehealth is still viable and very important to connect patients to healthcare providers, even as the
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Patching Cybersecurity Gaps in Healthcare, with New FDA Guidelines and Zero Trust
When it comes to protecting patients from the impacts of ransomware, the time has come for the healthcare sector to rethink the way it approaches cyber resilience -- starting with Zero Trust strategies. The unprecedented wave of ransomware attacks on the healthcare sector has upended long-held assumptions about network security. Confidence in traditional methods alone and the philosophies behind them, have been undermined. The ransomware era has become a time of reckoning – particularly
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Is Telehealth Healthcare’s Biggest Cyber Threat?
It’s time to get used to seeing your doctor from a digital screen, as virtual care is projected to expand well into the future. And while telehealth technology has proven to be highly beneficial in supporting the shift to virtual healthcare, it has also introduced a host of new vulnerabilities and opportunities for security breaches. Cybercriminals have always preyed on the healthcare industry, but with this virtual transition, the substantial increase in connectivity and network exposure has
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