Healthcare companies to increase security spending

February 26th, 2017 by admin Leave a reply »

As per the recent survey of more than 1,100 senior security executives worldwide, here are the results-

  • Seventy six percent of global healthcare organizations plan to increase security budget
  • Eight one percent of U.S. healthcare organizations mentioned that they will increase the security budget

As per the survey conducted by Thales Data Threat, sixty percent healthcare are deploying to cloud, big data, and IoT or container environments without proper security measures.  Ninety percent believes that they can face data breach.

“For healthcare data to remain safe from cyber exploitation, encryption strategies need to move beyond laptops and desktops to reflect a world of Internet-connected heart-rate monitors, implantable defibrillators and insulin pumps,” Thales e-Security vice president of strategy Peter Galvin said in a statement. “Adhering to the security status quo will create vulnerabilities that lead to breaches, and further erode customer trust.”

As per the Redspin’s Breach Report there is increase in data breach incidents in 2016.

“Healthcare providers have become the primary targets of malicious hackers, and their attacks are becoming increasingly sophisticated and disruptive to operations,” Dan Berger, vice president at CynergisTek, said in a statement (Redspin is now part of the CynergisTek portfolio).

“The dramatic increase in hacking attacks in 2016, coupled with the large number of patient records copmromised in those incidents, points to a pressing need for providers to take a much more proactive and comprehensive approach to protecting their information assets in 2017 and beyond,” Berger added.

Accenture conducted survey which concluded that 26 percent of U.S. consumers faced data breach. Fifty percent faced medical identity theft.

“Health systems need to recognize that many patients will suffer personal financial loss from cyber attacks of their medical information,” Reza Chapman, managing director of cyber security in Accenture’s health practice, said in a statement. “Not only do health organizations need to stay vigilant in safeguarding personal information, they need to build a foundation of digital trust with patients to help weather the storm of a breach.

Fifty percent found the breach by themselves by looking at their credit card statement. Twenty five percent changed their healthcare providers after the breach. Twenty one percent changed insurance plan. And nineteen percent took help of legal counsel.

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