Healthcare: The Path of Least Resistance for Cybercriminals

The healthcare sector faces a growing cybersecurity threat, with healthcare consistently ranking as the most targeted industry by cybercriminals, resulting in an average breach cost of $10.93 billion. Unauthorized access and inadequate authentication methods are key contributors, with internal misuse being a significant concern. The repercussions extend to patient health, with increased mortality rates and delays in procedures due to cyber attacks. Governments, such as in New York, are responding with proposals to strengthen healthcare networks. Implementing robust digital identity solutions, including identity verification, CIBA, AI-powered threat protection, and advanced authentication systems, is crucial. These measures not only enhance security but also yield significant benefits, including fraud reduction, decreased security-related calls, and increased customer engagement.