GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Medical Device Industry Statistics

The increasing use of connected medical devices has led to a rise in cybersecurity threats, with data breaches targeting healthcare organizations becoming more prevalent.

Highlights: Cybersecurity In The Medical Device Industry Statistics

  • It's estimated that healthcare-related cyberattacks will quadruple by 2025 —now reaching 5 million annually.
  • Medical entities experience an average of 32,000 intrusion attempts per day.
  • Over 40% of healthcare organizations have suffered a cyber-attack on IoT devices.
  • In 2018, health care breaches caused by hacking/IT incidents skyrocketed by 25 times over 2017.
  • 28% of healthcare companies do not evaluate medical devices for cyber risks
  • In the U.S, 70% of healthcare organization have experienced a data breach.
  • The global health care cybersecurity market is predicted to reach $12 billion by 2027.
  • 1 in every 13 patients will have their records stolen after a healthcare provider data breach.
  • More than half of the medical devices are still running on traditional, legacy platforms, which poses increased risk for cyber threats.
  • Health Insurance Portability and Accountability Act (HIPAA) violations fines cost from $100 to $1.5 million each year.
  • Cyber incidents are the #1 source of data breach, affecting 66% of healthcare organizations.
  • Health entities spent an average of $2.4 million per data breach event.
  • The estimated total cost of cyberattacks on the healthcare industry is nearly $6.2 billion.
  • 87% of healthcare organizations have adopted Internet of Things (IoT) technology, increasing the potential for medical device cyberattacks.
  • By 2021 there has been a 45% increase in cyber attacks on hospitals.
  • 11% of all cyber events cause harm to patients.
  • 33% of breaches come from internal threats such as lost or stolen credentials and insider misuse.

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The Latest Cybersecurity In The Medical Device Industry Statistics Explained

It’s estimated that healthcare-related cyberattacks will quadruple by 2025 —now reaching 5 million annually.

The statistic indicates that the frequency of healthcare-related cyberattacks is expected to significantly increase by 2025, with projections suggesting a fourfold rise compared to the current levels. Specifically, the number of annual cyberattacks in the healthcare sector is forecasted to reach 5 million by 2025. This data highlights a concerning trend that underscores the growing vulnerability of healthcare systems to cybersecurity threats. As technology continues to advance in the healthcare industry, the potential for cyber threats targeting sensitive patient information and critical healthcare infrastructure is also on the rise, necessitating increased preparedness and investment in cybersecurity measures to safeguard against such attacks.

Medical entities experience an average of 32,000 intrusion attempts per day.

The statistic “medical entities experience an average of 32,000 intrusion attempts per day” indicates the frequency at which unauthorized individuals or entities attempt to gain access to the computer networks and systems of healthcare organizations. These intrusion attempts may come in various forms, such as hacking, malware, phishing, or ransomware attacks, with the goal of accessing sensitive patient information, financial data, or disrupting the operations of the medical entity. The high number of daily intrusion attempts highlights the serious and ongoing cybersecurity threats faced by the healthcare sector, emphasizing the importance of investing in robust security measures, employee training, and incident response protocols to safeguard patient data and ensure the continuity of healthcare services.

Over 40% of healthcare organizations have suffered a cyber-attack on IoT devices.

The statistic stating that over 40% of healthcare organizations have experienced cyber-attacks on Internet-of-Things (IoT) devices highlights a concerning trend in the healthcare industry regarding cybersecurity vulnerabilities. IoT devices, such as medical devices and equipment connected to the internet, have become integral in modern healthcare for improved patient care and operational efficiency. However, these devices are often susceptible to security breaches due to insufficient cybersecurity measures, making healthcare organizations prime targets for cyber-attacks. This statistic underscores the urgent need for healthcare organizations to enhance their cybersecurity protocols and invest in robust defense mechanisms to safeguard patient data, maintain operational integrity, and protect against potential cyber threats.

In 2018, health care breaches caused by hacking/IT incidents skyrocketed by 25 times over 2017.

The statistic implies a substantial and alarming increase in health care breaches caused by hacking and IT incidents from 2017 to 2018. Specifically, the incidents have risen by a staggering multiple of 25 times, showcasing a dramatic escalation in unauthorized access to sensitive health care data through cyber attacks. This data suggests a significant vulnerability within the health care sector to cyber threats, highlighting the urgent need for enhanced cybersecurity measures and vigilance to protect patient confidentiality and prevent potential compromises of the health care system’s integrity and security.

28% of healthcare companies do not evaluate medical devices for cyber risks

The statistic that 28% of healthcare companies do not evaluate medical devices for cyber risks indicates a concerning gap in cybersecurity practices within the healthcare industry. This suggests that a significant portion of healthcare organizations may be potentially vulnerable to cyber threats that could compromise the security and privacy of patient data stored on medical devices. Given the increasing frequency and sophistication of cyber attacks targeting healthcare systems, the failure to assess and mitigate cyber risks in medical devices could pose serious consequences for both patients and healthcare providers. It underscores the importance of enhancing cybersecurity measures and implementing rigorous risk assessment protocols to safeguard sensitive healthcare information and ensure the integrity of medical devices in an increasingly interconnected digital landscape.

In the U.S, 70% of healthcare organization have experienced a data breach.

The statistic states that 70% of healthcare organizations in the United States have encountered a data breach at some point in time. This high percentage indicates a concerning trend of vulnerability within the healthcare industry in terms of protecting sensitive information. Data breaches can have serious consequences such as compromised patient confidentiality, financial loss, and damage to the reputation of healthcare providers. This statistic underscores the importance of implementing robust cybersecurity measures and protocols to safeguard patient data and mitigate the risks associated with potential breaches in the healthcare sector.

The global health care cybersecurity market is predicted to reach $12 billion by 2027.

The statistic indicates that the global health care cybersecurity market is expected to grow significantly, reaching a value of $12 billion by the year 2027. This forecast suggests that there is a growing concern and investment in cybersecurity measures within the healthcare industry to protect sensitive patient data and critical infrastructure from cyber threats. The increasing digitization of health care systems, along with the rising frequency and sophistication of cyber attacks targeting health care organizations, are driving the need for robust cybersecurity solutions. This trend highlights the importance of prioritizing cybersecurity in the health care sector to safeguard patient information, maintain data integrity, and ensure the continuity of healthcare services.

1 in every 13 patients will have their records stolen after a healthcare provider data breach.

The statistic “1 in every 13 patients will have their records stolen after a healthcare provider data breach” indicates the likelihood of patient data compromise following a security incident in the healthcare industry. This statistic suggests that, on average, approximately 7.7% of individuals affected by a breach will experience unauthorized access to their personal health information. Healthcare data breaches can have serious consequences for individuals, including identity theft, financial fraud, and potential exposure of sensitive medical information. The statistic underscores the importance of robust data security measures and protocols within the healthcare sector to safeguard patient records and maintain trust in the confidentiality of personal health information.

More than half of the medical devices are still running on traditional, legacy platforms, which poses increased risk for cyber threats.

The statistic signifies that a significant majority, more than 50%, of medical devices continue to operate using outdated and obsolete technology platforms, which are commonly known as legacy systems. This situation heightens the vulnerability of these devices to potential cyber threats, such as attacks from hackers seeking to exploit security weaknesses in these older platforms. The reliance on traditional systems in the medical industry poses a considerable risk as these devices may lack the necessary security features and updates to guard against modern cyber threats, potentially compromising the integrity and confidentiality of sensitive patient data or leading to potential safety risks for patients. Addressing this challenge is critical to ensure the security and resilience of medical devices in an increasingly digitized healthcare landscape.

Health Insurance Portability and Accountability Act (HIPAA) violations fines cost from $100 to $1.5 million each year.

The statistic regarding Health Insurance Portability and Accountability Act (HIPAA) violations fines costing from $100 to $1.5 million each year highlights the wide range of penalties that can be imposed for breaches of patient data privacy and security regulations. HIPAA violations can result in significant financial consequences for healthcare organizations, healthcare providers, and other entities that handle protected health information (PHI). The range of fines reflects the severity and nature of the violation, with more serious infractions warranting higher monetary penalties. This statistic underscores the importance of compliance with HIPAA regulations to safeguard patient information and avoid costly repercussions for non-compliance.

Cyber incidents are the #1 source of data breach, affecting 66% of healthcare organizations.

The statistic that cyber incidents are the #1 source of data breach, affecting 66% of healthcare organizations, implies that the majority of security breaches in the healthcare sector are a result of cyber-related events. This highlights the significant vulnerability of healthcare organizations to cyber threats, such as hacking, malware, or phishing attacks. The high percentage of healthcare organizations affected by cyber incidents points to the urgent need for robust cybersecurity measures and strategies within the industry to protect sensitive patient data and ensure the integrity and confidentiality of healthcare information. Addressing these vulnerabilities through enhanced security protocols and training can help mitigate the risks associated with cyber threats and safeguard patient privacy and trust in the healthcare system.

Health entities spent an average of $2.4 million per data breach event.

The statistic ‘Health entities spent an average of $2.4 million per data breach event’ indicates that in the healthcare sector, organizations incur substantial financial costs as a result of data breaches. This figure represents the average amount of money that a healthcare entity must expend in response to a single data breach incident. These costs can include expenses related to investigating the breach, notifying affected individuals, conducting forensic analyses, implementing cybersecurity measures, and potential legal fees or regulatory fines. Data breaches in the healthcare industry not only carry financial repercussions but also have significant implications for patient privacy and trust. This statistic underscores the importance for health entities to prioritize investments in robust data security measures to mitigate the risk and impact of data breaches.

The estimated total cost of cyberattacks on the healthcare industry is nearly $6.2 billion.

The statistic highlights the significant financial impact of cyberattacks on the healthcare industry, with an estimated total cost of nearly $6.2 billion. Cyberattacks in the healthcare sector can lead to breaches of sensitive patient data, disruption of services, and potential risks to patient safety. The financial repercussions of these attacks include costs associated with incident response, remediation, regulatory penalties, legal fees, and loss of revenue. This staggering figure underscores the importance of investing in robust cybersecurity measures to protect patient information and safeguard the integrity of healthcare systems.

87% of healthcare organizations have adopted Internet of Things (IoT) technology, increasing the potential for medical device cyberattacks.

The statistic that 87% of healthcare organizations have adopted Internet of Things (IoT) technology suggests a widespread integration of connected devices in the healthcare industry. While this can enhance efficiency and patient care, it also raises concerns about the security of these devices. With the increasing reliance on IoT devices for various medical purposes, there is a corresponding rise in the potential for cyberattacks targeting these vulnerable endpoints. This poses a significant risk to patient data privacy and the overall security of healthcare systems. As such, healthcare organizations must prioritize cybersecurity measures to protect against potential threats and mitigate the risks associated with the adoption of IoT technology in the medical field.

By 2021 there has been a 45% increase in cyber attacks on hospitals.

The statistic states that between the period prior to 2021 and the year 2021, there has been a substantial 45% increase in cyber attacks targeting hospitals. This trend highlights a concerning escalation in cybersecurity threats faced by healthcare institutions, potentially jeopardizing sensitive patient data and critical healthcare operations. The rise in cyber attacks underscores the pressing need for hospitals to strengthen their cybersecurity measures, invest in robust defense mechanisms, and enhance staff training to mitigate the risks posed by malicious actors. It is imperative for hospitals to prioritize data security and resilience against cyber threats to safeguard both patient information and the overall integrity of healthcare systems.

11% of all cyber events cause harm to patients.

The statistic “11% of all cyber events cause harm to patients” indicates that out of all reported cyber events, specifically those related to healthcare or medical systems, 11% result in harm being caused to patients. This harm could manifest in various ways, such as compromised personal information, disrupted medical treatments, or even physical harm if patient care is directly affected. It underscores the significance of addressing cybersecurity vulnerabilities in healthcare settings to protect patient safety and confidentiality. Efforts to strengthen cybersecurity measures, such as robust data encryption, regular system updates, and employee training on cybersecurity best practices, are crucial in mitigating the risks associated with cyber events that can harm patients.

33% of breaches come from internal threats such as lost or stolen credentials and insider misuse.

The statistic that 33% of breaches come from internal threats such as lost or stolen credentials and insider misuse indicates a significant security challenge faced by organizations. This highlights the importance of not only defending against external threats but also managing risks within the organization. Internal breaches can result from accidental actions, negligence, or malicious intent by employees, making it essential for businesses to implement robust security measures such as employee training, access controls, and monitoring systems to protect sensitive data and systems. Addressing internal vulnerabilities is crucial in maintaining a comprehensive cybersecurity strategy that effectively safeguards against a range of potential breaches.

Conclusion

Cybersecurity is a critical aspect of the medical device industry that cannot be ignored. The statistics highlighted in this blog post clearly indicate the growing threat of cyberattacks on medical devices and the potential risks to patient safety and data privacy. It is essential for stakeholders in the industry to prioritize cybersecurity measures and invest in robust strategies to safeguard medical devices and ensure the integrity of healthcare systems.

References

0. – https://www.www.hitconsultant.net

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2. – https://www.hbr.org

3. – https://www.www.securitymagazine.com

4. – https://www.www2.deloitte.com

5. – https://www.www.riskwatch.com

6. – https://www.www.rand.org

7. – https://www.www.jmir.org

8. – https://www.www.ibm.com

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11. – https://www.securityboulevard.com

12. – https://www.www.mddionline.com

13. – https://www.healthtechmagazine.net

14. – https://www.www.globenewswire.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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