CIO Influence
CIO Influence News Cloud

Netwrix Study: 86% of Cloud Attacks in the Healthcare Sector Result in Financial Losses or Other Damage

Netwrix Study: 86% of Cloud Attacks in the Healthcare Sector Result in Financial Losses or Other Damage
The healthcare sector is twice as likely to face data breach consequences as any other industry surveyed.

Netwrix, a cybersecurity vendor that makes data security easy, announced additional findings for the healthcare sector from its global 2022 Cloud Security Report.

61% of respondents in the healthcare industry suffered a cyberattack on their cloud infrastructure within the last 12 months, compared to 53% for other verticals. Phishing was the most common type of attack reported.

Latest ITechnology News: NEC Selected as Technology Partner in the Implementation of Biometric Solutions for NIISe

“The healthcare sector is a lucrative target for attackers because the chances of success are higher. The first two years of the pandemic exhausted the industry. With patient health being the main priority for these organizations, IT security resources are often too stretched and are focused on maintaining only the most necessary functions,” comments Dirk Schrader, VP of Security Research at Netwrix. “Plus, the high value of data gives cyber criminals better opportunities at financial gain: They can either sell stolen sensitive medical information on the dark web or extort a ransom for ‘unfreezing’ the medical systems used to keep patients alive.”

Latest ITechnology News: Syncfusion Releases Essential Studio 2022 Volume 3

An attack in the healthcare sector is more likely to result in financial consequences. 32% of respondents from other industries report that an attack had no impact on their business, while only 14% of healthcare organizations say the same. Unplanned expenses to cover security gaps and compliance fines are the most common types of damage that the healthcare sector faces due to a cyberattack.

“Healthcare organizations plan to increase the share of their workload in the cloud from 38% to 54% by the end of 2023. Fast cloud adoption should be accompanied by relevant security measures and special attention to internet-of-things (IoT) devices and systems; for example, compromise of respirators or IV infusion devices can lead to physical harm to patients,” adds Schrader. “Network segmentation will help prevent one compromised device from impacting the entire system. IT teams must also strictly limit who — humans and machines — can access what data and systems according to the least-privilege principle, and regularly review and right-size those access rights.”

Latest ITechnology News: NEC to Build 5G Innovation Lab for the NSW Telco Authority

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Telco Industry Sees AI as Key to Cutting Energy Demand From Rising Internet Traffic – Nokia/GSMA research

CIO Influence News Desk

Safe-T Group Expands Consumer Privacy Solution Portfolio with New Application for Android Users

Optimizely Appoints Donna Wilczek To Its Board Of Directors To Support Accelerated Growth

CIO Influence News Desk
StatCounter - Free Web Tracker and Counter