New research estimates, after all the breach data, is tallied, that by the end of 2019, healthcare-related data breaches will cost the industry $4 billion, and respondents to a recent survey expect those numbers to only increase in the year ahead.
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Canada-based LifeLabs notified 15 million patients on December 17 that their personal information relating to healthcare, including name, address, email, login, passwords, date of birth, healthcare number, and lab test results, may have been accessed without authorization. Most of those affected reside within British Columbia and Ontario.
Healthcare organizations are doing everything they can to modernize and digitally transform their organizations, but by many accounts, healthcare remains a laggard when it comes to digitization. And as a recent PwC report reads, “The question for 2020 will be whether this digital transformation will benefit consumers—marking a new dawn for the US health industry and for the people whose lives depend on it.”
The healthcare internet of things (IoT) market is expected to reach 543 billion by 2025 — at an annual growth rate of roughly 20%, according to a report from Grand View Research. Research firm Gartner pegs healthcare IoT growth in 2020 at 29%.
There are many challenges to getting a cybersecurity program right. The right technology must be deployed, managed, and tuned just right, CISOs and security managers must be able to get the necessary executive support and budget to execute on their plans, and their plans have to be well crafted. Not to forget that nearly everyone in the organization has to be security conscious and savvy, or nearly any organization is one phishing-attack click away from compromise.
A recent study identified some startling news when it comes to the state of security and cloud-native apps. The Security for DevOps Enterprise Survey Report, conducted by the research firm Enterprise Strategy Group on behalf of Data Theorem found only 8% of companies are securing 75% or more of their cloud-native applications with DevSecOps practices today.
While there’s been a lull in 2019, the data breach and regulatory-related fines from the Department of Health and Human Services do keep piling up.
It turns out, if recent research is any indication, when one company is breached in a vertical market other companies in that vertical market become less attractive places for investors to stick their capital. Yet, when companies share their cybersecurity risk management they significantly outperform their peers that don’t disclose their cybersecurity efforts.
According to a new study, 2019 has been yet another brutal year for healthcare cybersecurity. In 2019, so far, nearly four out of five breaches in the industry struck health care providers. And 53% of those attacks were at the hands of external attackers, respondents to a new survey said.
Cybersecurity trends are always evolving. And the Security Industry Association, a trade group that focuses on physical and cyber security, believes it has identified the security “megatrends” that will dominate the immediate and long-term changes within the international security industry.
During the 1964 Free Speech Movement at the University of California, Berkeley, activist Jack Weinberg said: “Don’t trust anyone over 30.” Well, when it comes to cybersecurity, it may be more accurate to say Don’t trust anyone under 30.
The 2019 Cybersecurity and Threat Preparedness Survey found that 65% of the cybersecurity and IT executives surveyed believe that artificial intelligence and machine learning will be able to solve more security problems than humans can solve.