Growing Concerns in the Healthcare Space

The Healthcare industry is home to some of the most sensitive information that is required by law to remain confidential. As more patient data is no longer physically stored, there are strict HIPAA requirements in place for patient data to remain digitally secure and while being able to access patient records from your mobile device provides a better patient experience, it poses serious threats to personal information.

With some of the most personal information, the healthcare industry faces a myriad of costly cybersecurity-related issues. Data breaches in the healthcare industry cost $5.6 billion every year. Healthcare businesses not only face unique challenges, but they have significantly more at stake during an attack.

Some of the top cybersecurity concerns include:

Ransomware: Ransomware is a form of malware that infects systems and files to make them inaccessible until a certain monetary ransom is paid. In the healthcare space, this is particularly damaging since not having access to certain systems and patient data is a matter of life and death.

Data Breaches: Data breaches are costly to every organization; however, personal health information breaches are more lucrative for criminals. While a typical stolen record costs $158 on the black market, stolen healthcare information can fetch a price of $355.

Internet of Things: Doctors and patients are increasingly using mobile devices (phones and tablets) to access sensitive patient information and financial payments; however, this poses a bigger potential security risk for the healthcare industry. Organizations must have the right technology in place to prevent a breach.

Insider Threats: Insider threats are among the top security challenges for hospitals. More than half of insider fraud incidents in the healthcare sector involve the theft of patient data.

Experts estimate that global healthcare IT security spending will grow over 15% year-over-year over the next five years to reach $125 billion by 2025.

Our healthcare IT solutions leverage proactive support and management to help you meet compliance regulations and enhance the way your business operates. Our IT solutions are efficient and reliable, so you can continue providing the best care to your patients.

April 14, 2021