Cyberattacks are increasing on Biotech Institutions

The frequency of Cyberattacks on the healthcare business continues to rise, even as people and medical professionals become more receptive of new technologies. The epidemic of Covid-19 has accelerated the integration and development of new technologies in the healthcare business. Despite attempts to improve security, more than one-third of healthcare organisations in the United States reported being the target of a cyberattack last year.

While the healthcare industry is sluggish to respond to the new reality posed by these threats, the number of Cyberattacks and ransomware intrusions on healthcare organisations continues to rise month after month. Hackers will continue to target healthcare organisations because they hold important patient data and typically have outdated security against intrusions.

While the Covid-19 pandemic has driven a huge and unexpected increase in the adoption of new technology, notably remote patient monitoring devices, an increase in Cyberattacks and ransomware hacks may slow the rate of adoption and acceptability among patients and healthcare providers. In a recent study conducted by GlobalData, 66% of 201 respondents said they are now more willing to employ a remote patient monitoring device than they were before the pandemic.

Only 6% of survey respondents said they were less inclined to utilise remote patient monitoring devices now than they were before, and the vast majority of patients believe these devices are safe to use. However, a significant minority of study respondents (17%) had reservations about the use of remote patient monitoring due to privacy issues.To minimise financial and clinical losses, healthcare organisations must immediately improve their cybersecurity against Cyberattacks. Furthermore, enhancing cybersecurity and the way data from newly adopted technology is collected and handled may boost patient and medical professional acceptability of remote patient monitoring devices.