Today, the healthcare industry is the second largest to be targeted by cybercriminals. While digital transformation across the healthcare industry has helped in ease of data access and profitable business, it is also a fact that moving to the cloud has increased the potential attack surface. With many of these systems not giving importance to adequate security defences, there is an increase in the vulnerability of being attacked and losing data. Investment in the healthcare industry’s cybersecurity is expected to grow as cyberattacks have increased. Between 2020 and 2025, cybersecurity spending by healthcare providers and payers is forecast to grow at a compound annual growth rate (CAGR) of 8.1% from $4.59bn to $6.77bn.
- Reduced Costs
- Optimized Workflow
- Enable Improved Interaction with Patients
- Secure Database for Electronic Medical Records
- More Effective Internal Communication
- Better Time Management
- Improved Healthcare Services
- Due to its advanced technology cybersecurity breaches can be prevented.
- Identifying inaccuracies in patients’ health information comes with ease
- Allows patients to access & share their private health data on a secure distributed ledger