Cybersecurity, emerging technology and systemic risk: What it means for the medical device industry?

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Christopher Gates, Director of Product Cybersecurity, Velentium

In late 2020, the World Economic Forum stated that “the approach to cybersecurity needs to be overhauled before the industry finds itself in any fit state to tackle the threat.”

The WEF singled out five global cybersecurity challenges:

1. Increasing sophistication of cyberattacks and cyber adversaries
2. Widening cybersecurity skills gap
3. Lack of intelligence and operational information sharing
4. Keeping up with regulatory changes and uncertainty
5. Underinvestment and lack of business buy-in

Below, I offer expert insights into these five challenges, as well as paths forward for the medical device industry.

1. Increasing sophistication of cyberattacks and cyber adversaries
Unfortunately, attackers in the medical device arena don’t ...

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