The inability to adequately assess and understand the risks that vendors pose is becoming incredibly costly to healthcare providers, according to a report released today by Censinet and the Ponemon Institute.
An estimated two million cyber attacks in 2018 resulted in more than $45 billion in losses worldwide as local governments struggled to cope with ransomware and other malicious incidents.
Sixty-one percent of firms suffered a cyber attack in the past year, compared to 41 percent the year prior. The median cost for losses associated with cyber incidents shot up from $229,000 to $369,000, says a 2019 Hiscox cyber Reading Readiness Report.
An Embry-Riddle Aeronautical University (ERAU) professor has invented an artificial intelligence program that can hijack rogue drones, safely neutralizing any possible threat, says a news report.
Fifty-three percent of respondents reported that their organization had encountered a critical cybersecurity issue or incident that put a mergers and acquisitions (M&A) deal in jeopardy and 65 percent of respondents said they had experienced buyers’ remorse because of cybersecurity concerns after closing a deal.
The U.S. Food and Drug Administration is warning patients and health care providers that certain Medtronic MiniMed insulin pumps are being recalled due to potential cybersecurity risks and recommends that patients using these models switch their insulin pump to models that are better equipped to protect against these potential risks.
For most organizations, putting great cybersecurity in place requires a massive uphill trek. Many forms of change are required – technology, process, talent, and more. Here, cyber leaders focus inward, working to get capabilities in place and reduce identified risks. But fundamentally, you need externally-driven change too, where other enterprise leaders (and key partners outside of your business) believe in the cyber mission so deeply that they can’t live without it.
