Research unveils prime target for cyberattacks amid COVID-19

Cybersecurity is becoming a mission-critical technology for most industries

cyberattack

Research unveils prime target for cyberattacks amid COVID-19. Source: pixabay.com

According to GlobalData, cybersecurity presents a major risk to healthcare data.

The healthcare industry remains a prime target for malicious cyber groups looking to cause discord and make unethical gains.

The report states that with the number of attacks rising, the associated costs are also increasing. This way, the multi-industry shift to digitize workflows and promote remote working due to the pandemic is also helping cybersecurity emerge as a critical technology across the healthcare industry.

The prioritization of, and associated rising demand for, cybersecurity technology can only be good for the market, which is expected to reach $237.7 billion by 2030 growing at a strong compound annual growth rate (CAGR) of 6.4% from 2019 – when the market was worth $120.3 billion. Before the onset of the pandemic, the healthcare industry was already undergoing a digital transformation, and the current multi-industry shift to digitize workflows and promote remote working due to the COVID-19 pandemic has expedited the cybersecurity timeline, helping cybersecurity emerge as a critical technology across the healthcare industry
Rodrigo Noble, Senior Digital Analyst at GlobalData

According to data, the majority of patient interactions within the healthcare system involve the use of medical equipment and devices, most of which are connected to a network.

These connected devices generate, analyze, and transmit medical-grade data, which create a medical internet of things (IoT) within healthcare networks.

The growth of connectivity brings not only increased operational efficiencies but also an ever-expanding attack surface for cyber terrorists.

We’ve reported that 68% of major organizations, public and private aim to increase their cybersecurity spending.

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