Data, Cybersecurity, healthcare

U.S. Healthcare Market Continues to be Major Target for Hackers

By MedTech Intelligence Staff
Data, Cybersecurity, healthcare

A recent report from Frost & Sullivan anticipates strong market growth but also points to opportunity for more vulnerabilities.

Get answers to your cybersecurity concerns from top experts at the Medical Device Cybersecurity: Legacy Device Remediation, Compensating Controls & End-of-Life | Attend in Cambridge, MA on September 26–27, 2019 or virtually Although it’s good news that the healthcare cybersecurity market is expected to hit $8.7 billion within the next four years in the United States, with that comes additional vulnerability. A recent Frost & Sullivan report points to the Internet of Things, cloud services and artificial intelligence as additional points of entry for hackers.

The lack of cybersecurity expertise is prompting healthcare IT organizations to seek managed support, which, in turn, is accelerating the move to cloud-based computing services,” said Mike Jude, digital health research manager in a press release. “To make optimum use of the opportunities, cybersecurity vendors need to develop solutions that integrate with existing healthcare IT systems and applications. The solutions must be able to accommodate and scale with new technologies such as IoT, cloud, and Big Data.”

The report, “The US Healthcare Cybersecurity Market, 2018”, notes that market growth will be driven by strong investment in healthcare IT, including in the areas of “network perimeter protection, endpoint protection, access management, public-facing properties, detecting and mitigating exploits, and managed services”.

The report’s authors advise companies in the cybersecurity space to help address security concerns in healthcare by offering integrated security across the clinical workflow; solutions that can be used on thousands of devices; endpoint protection for mobile devices; and security management solutions such as biometrics and location-based access.

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