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2021 healthcare cybersecurity strategy: Start at the end

Security Magazine

Jim Bowers

Healthcare organizations know all too well that the COVID-19 fight isn’t over — not in the clinic, nor in the IT security department.

Cybersecurity Ventures predicts that in 2021, the healthcare industry will suffer two to three times more cyberattacks than the average for other industries. On top of the expanding security threat, multiple sources point to the immense cost of healthcare data breaches. IBM’s 2020 Cost of a Data Breach Report found that healthcare companies are incurring the highest average breach cost of any industry: $7.13 million per incidence, a 10% increase over the 2019 study.

With the healthcare industry expected to spend $125 billion on cybersecurity from 2020 to 2025, dollars must be spent for maximum efficiency. The question is, how to allocate...

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