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

The closing months of 2020 saw a 45% increase in cyber-attacks targeted towards healthcare organizations. Healthcare providers of all types and sizes have been breached. A report by Black Book Market Research predicts that data breaches in the healthcare industry are likely to triple in volume in 2021. In fact, the recent SolarWinds breach and its ripple effect has left many organizations concerned. So, how does an organization prepare itself to securely operate in today’s dy

Not a day goes by without hearing about a cyber incident in healthcare. Data breaches are projected to cost the industry $4 billion by year end. At the same time, these cyber-attacks are getting more sophisticated. According to a recent xtelligent media ar ticle , attacks using the encryption-based malware – often leading to ransomware - have already doubled relative to 2018. The resulting downtime from the ransomware attacks has reached an average of 9.3 days. At the same ti

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

Medi Tech Safe has developed a proprietary solution to help healthcare providers manage their cybersecurity, medical devices and clinical networks related risks considering both IT and Operations Technology (OT) needs. If you are a healthcare provider (or a biomed services provider) interested in learning more about Medi Tech Safe’s solution, you could reach us at info@meditechsafe.com.

People often ask why someone would want to hack into a medical device. The first question, however, should be why Healthcare is the most hacked vertical of all. Experts say that it is easier to penetrate a healthcare organization because of the inherent complexity. But more importantly, the value of health records in the black market is very high. According to a recent article published on CNBC, a health record could fetch up to $1,000, which is almost 40 times the highest v

Good decision making is the hallmark of a great leader. A leader’s ability to make a high percentage of good decisions, in a timely fashion, is fundamental to the effectiveness of the individual and the success of his or her organization. In fact, Bain researchers found that decision effectiveness is 95% correlated with financial performance [Forbes, ‘17]. Yet, about half of business decisions end in failure, a study showed! Decision making in a highly cross-functional envi

Security researchers have recently uncovered vulnerabilities in potentially all modern processors, affecting nearly all computing devices and operating systems, known by two names, Meltdown and Spectre. The processors are found in everything from personal computers to medical devices . While there are no known exploits yet, the risk still remains until mitigated by appropriate fixes. In case of medical devices, the risk also depends on the type of device i.e. life supporting

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