Consumers of any solution expect the solution to function reliably as intended without any unanticipated consequences. The “reliability” and “avoidance of unanticipated consequence” aspects often become an afterthought especially when organizations embark on new innovations and start with a Minimal Viable Product (MVP). Once the basic functional requirements are accepted by consumers, these organizations are pressured to launch these solutions into the market. In digital solu

Product cybersecurity offers an opportunity to further optimize the value-price-cost equation to achieving margin accretive growth.

Recent supply-chain related cyber incidents may indicate value in "strategic air-gaps" and risk-management mindset in security architecture!

Cybersecurity has become one of the most significant financial and reputational risks for an organization. Examples of the ever-increasing cybersecurity threats include: More than 22 government entities in Texas, Florida, Maryland and Georgia faced ransomware recently Louisiana declared a state of emergency after ransomware hit many schools HHS/OCR received notification of 351 data breaches in 2018 exposing 13,020,821 healthcare records Almost 120 million new malwares are

Digital innovations using connectivity and technologies like blockchain as well as artificial intelligence (AI) offer promises to transform healthcare. Some claim that these technologies are trending towards the peak of the Gartner’s hype curve, if not already there. In fact, about $2.7B worth of venture investment has gone into AI in healthcare over last 6 years according to Rock Health – just over 10% of all venture dollars invested in digital health during that period. On

Let’s acknowledge one more time that US healthcare needs transformation! While it is one of the most talked about topic, consumers probably have felt the least improvement. It is evident from the fact that Healthcare services expenditure has been growing at 4.3% annually in the US, which is about 2.5 times the annual inflation rate. The picture looks even worse when US performance is compared to the other developed 35 OECD countries. Hospital spend per discharge after the cos

Starting a week with the news that talk about patient data breach from a radiology interface is not comforting to many imaging centers or radiology departments. The total cost could easily get into millions of dollars considering tens of thousands of patient records at stake and average cost per breached record to be around $400. Clearly, cyber risk management is certainly not the one that imaging center or hospital leadership should take it lightly or delegate down in the or

Healthcare is currently the industry most susceptible to hacking. According to Gemalto’s Data Breach Index, healthcare came first in having the most data records (~ 386 million) stolen in 2016. According to a recent British Medical Journal article, 81% of 223 organizations surveyed, and >110 million patients in the US had their data compromised in 2015 alone; only half of these healthcare providers think that they are capable of defending themselves from cyber attacks, and

Here is a paragraph from a recent article, “ Fears of hackers targeting US hospitals, medical devices for cyber-attacks ”: “The popular TV show “Homeland” included a scene where the president’s pacemaker was hacked, and [cybersecurity] researchers say that threat is very real . So much so, that former Vice President Dick Cheney revealed on CBS's "60 Minutes" in 2013 that he had the wireless capability on his pacemaker turned off. ” In today’s environment where hospitals fa