What You Should Know:
- MedCrypt, Inc., a proactive cybersecurity solutions provider for medical device manufacturers, announced its financing of the School of Engineering for a Tufts University fellowship program that will support research focusing on the investigation of medical device security and threat modeling.
- MedCrypt acknowledges the vital role that evidence-based security practices play in the MedTech industry and recognizes the need to address the existing gaps. Additionally,
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Healthcare Cybersecurity | Healthcare Data Security | Ransomware | Hospital Security Breaches
How Digital Transformation is Accelerating Healthcare and the Impact on Hospitals in the Future
The pandemic has accelerated the adoption of digital health technologies across the healthcare industry. Digital transformation is now the top priority for many healthcare leaders as they seek to build resilient systems. At its core, this means implementing emerging digital technologies to modify essential operations, processes, and services to ease staff workload and withstand future challenges.
The primary drivers of digital transformation are consumerism, cost, and experience/expectations,
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Q1 2023 Digital Health Funding Reaches $3.4B Across 132 Deals
What You Should Know:
2023 started off with the hallmarks of a rebound year. While Q4 2022 signaled the tail end of the digital health funding cycle, January and February funding numbers began to suggest that sector investment was slowly but surely inching back upwards. Inflation was easing ever so slightly. Investors were rediscovering their confidence and launching new projects, signaling optimism in the sector, according to a new Rock Health report. However, recent news—the collapse of
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How Hospitals Can Safely & Effectively Continue Patient Care Amid Rising Cybersecurity Risks
The world we live in is becoming increasingly integrated, and as it does, the amount of data also increases. It is estimated that 2.5 quintillion bytes – that’s 2,500,00,00,000 million, for perspective – are created, captured, and shared every day, and experts predict that number will grow exponentially in the coming years. Estimates show that the healthcare industry generates about 30% of the world’s data volume. That number is expected to reach a compound annual growth rate of 36% within the
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The Rise of Fourth-Party Risk in Healthcare––And How to Combat It
In recent years, a wave of high-profile cyber attacks has shaken the healthcare industry to its core. Sensitive data has been breached; essential services have been forced offline; and healthcare providers have found themselves faced with unhappy customers and unsympathetic regulators.
As a result, many in the healthcare industry are now familiar with third-party vendors and the risks they pose. This is a positive development, but it is also insufficient.
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New Healthcare H2 2022 Data: Reported Breaches Trend Down, But Individuals Affected Skyrocket by 35% to Nearly 29M
What You Should Know:
- Critical Insight, the Cybersecurity-as-a-Service provider specializing in helping critical organizations Prepare, Detect, and Respond in today’s threat environment releases its H2 2022 Healthcare Data Breach Report, which analyzes breach data reported to the U.S. Department of Health and Human Services by healthcare organizations.
- The number of data breaches affecting healthcare providers declined in the second half of 2022, consistent with a downward trend over
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Top Security Certifications Required for Data Protection
How secure is your data? If your organization does not have the right security certifications in place, it’s not a matter of if a data breach will occur – but when. A lack of regulatory compliance, network and technical vulnerabilities, unencrypted information, unsecured mobile devices, and weak credentials all play a part in putting a healthcare organization at risk for a data breach.
Today, the cost of a data breach comes with a hefty price tag – an average of $9.44 million in the
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2023’s Biggest Pharma Cybersecurity Threats to Watch
Due to the recent growth of the pharmaceutical industry, the value of highly-sensitive data stored in pharmaceutical systems and the degree of the potential damage that cyberattacks on the industry can cause, it is safe to say that pharma could be one of the most targeted industries by cybercriminals in 2023. Ransomware, phishing attacks, business applications and third-party vendors will be some of the biggest threats to this key vertical as we approach the new year.
RansomwareThe threat of
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The Seemingly Limitless Potential of Blockchain in Healthcare
Interoperability remains the Holy Grail in healthcare, the goal to which all organizations aspire. The urgency to remove silos and improve communication between various systems and organizations is paramount, as it promises to lead to greater efficiency and improved outcomes while at the same time lowering costs – and not a moment too soon, given the fact that the world’s population is aging and there is a growing shortage of clinicians.
More and more, blockchain – a secure, decentralized
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Dexcom Ventures Invests in MedCrypt’s Medical Device Cybersecurity Platform
What You Should Know:
- MedCrypt, the proactive cybersecurity solution provider for medical devices and manufacturers, will announce the close of a Series B extension round led by Dexcom Ventures, bringing the company's total to date to $36.4M.
- With support from three major investors, Johnson & Johnson Innovations, Intuitive Ventures, and Dexcom Ventures, MedCrypt continues to lead the way in developing cybersecurity technologies and infrastructure for life-saving medical
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