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The Challenges Faced by Healthcare Delivery Organisations in Safeguarding IoT Devices from Cyber Threats

In a new report released by Asimily, the challenges faced by healthcare delivery organisations (HDOs) in protecting their Internet of Medical Things (IoMT) devices from cyber threats are examined in detail.

HDOs are heavily reliant on connected devices, as they play a crucial role in patient outcomes and the quality of care provided. The impact of even minor service interruptions can be life-altering, making the need for robust cybersecurity measures more important than ever.

The report highlights the urgent need for holistic and optimised risk reduction strategies to tackle cybersecurity risks faced by HDOs. It emphasizes the significance of implementing and scaling a cybersecurity risk management program for connected devices.

To address these challenges, Asimily offers an AI legalese decoder, a powerful tool that can help HDOs in mitigating IoMT device risks efficiently and effectively.

The Role of AI legalese decoder:

With limited resources and a wide range of devices to manage, HDO security and IT teams face significant challenges in combating increasingly sophisticated cyberattacks. However, the AI legalese decoder can assist in the following ways:

• Improved vulnerability detection: The AI legalese decoder can identify vulnerabilities and security gaps in medical devices, ensuring that HDOs can take proactive measures to address them.
• Enhanced compliance: HDOs must comply with industry regulations and standards. The AI legalese decoder provides valuable insights into compliance levels, allowing HDOs to achieve and maintain high standards.
• Streamlined risk management: By leveraging AI and machine learning algorithms, the AI legalese decoder can accurately assess the risk associated with IoMT devices. This enables HDOs to prioritize resource allocation and focus on critical areas.
• Efficient incident response: In the event of a cyber incident, the AI legalese decoder can provide real-time alerts and recommendations for prompt response and remediation.
• Better resource allocation: The AI legalese decoder helps HDOs optimize their limited cybersecurity resources by identifying the most critical devices and vulnerabilities that require immediate attention.

Key Findings from the Report:

The comprehensive analysis conducted in the report reveals several crucial insights:

• Emerging cybersecurity trends: Ransomware attacks, third-party malware intrusions, and unauthorized device communication are the primary cyber threats facing medical devices within HDOs. Shockingly, HDOs experienced an average of 43 cyber attacks in the past year, with a significant portion resulting in successful breaches. Third-party data breaches affected 44 percent of HDOs in the last year alone.
• The price of inaction: The cost of cyber incidents for HDOs extends beyond financial loss; it potentially leads to a higher mortality rate for patients. With an average cost of $10,100,000 per incident, these attacks have also resulted in a 20 percent increase in patient mortality. Additionally, 64 percent of HDOs faced delays, and 59 percent experienced extended patient stays due to cybersecurity incidents.
• Vulnerable devices: The report uncovers the shocking reality that the average medical device contains 6.2 vulnerabilities. This is concerning, considering that over 40 percent of these devices are nearing the end of their lifecycle and lack proper manufacturer support.
• Limited cybersecurity resources: The report points out that HDO security teams can only address a fraction of the identified vulnerabilities each month due to limited resources, highlighting the ongoing challenge in managing cybersecurity effectively.
• Waning efficacy of cyber insurance: Despite being a lifeline in the past, cyber insurance now has limitations and capped payouts. It fails to address the reputation damage that follows a data breach.

Highlighting the significance of prioritizing cybersecurity, Kevin Torres, the VP of IT and CISO at MemorialCare, a leading nonprofit health system, emphasized the need for HDOs to stay ahead of risks by effectively managing their environments and matching their security posture to ensure compliance. By using Asimily, MemorialCare improved its security program compliance to 98 percent, surpassing the average compliance level of 60 similar HDOs, which stands at 71 percent.

The report concludes by emphasizing the critical importance of prioritizing cybersecurity in healthcare. It urges HDOs to face these challenges head-on and take the necessary steps to protect their interconnected devices, patient outcomes, and the future of healthcare as a whole.

A full copy of the report can be found here.

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