With patients and medical providers across Asia and around the world forced by the global pandemic to rely on online platforms more than ever before, the medical device industry is finding itself uniquely vulnerable to cyberattack.
But despite the high stakes of data vulnerabilities to patients, providers and healthcare systems, governments in the Asian region lag behind in mandating cybersecurity measures, leaving manufacturers to install and maintain systems against the possibility their products can be hacked by cyber criminals.
For the healthcare industry in general, and the medical device segment in particular, the result is urgent need—and significant opportunity. Healthcare systems across the Asian region will need to invest in better security frameworks, tighter patient data confidentiality systems and safeguards on critical care support systems, documentation of clinical data, management of pharmaceuticals, etc.
Indeed, the global healthcare cybersecurity market is expected to grow from $9.78 billion in 2019 to $33.65 billion by 2027, according to a report published this year by Fior Markets, a technology industry market research firm.
The pandemic has ramped up the urgency of the threats. From January to March of this year, cybersecurity software company Trend Micro tracked 47,000 malicious access attempts worldwide to coronavirus-related online domains. Just over 9,000 of those occurred in February. The number sharpy increased to more than 34,000 in March alone. During the same period, the number of detected cyberattacks on hospitals grew by more than 60%, the firm found.
The broad threat of cybercrime in healthcare predates the era of the coronavirus. Healthcare is not as well protected as other industries, relying heavily on in ..
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