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Hospital cybersecurity spend to rise in 2025: 4 details
Becker's Healthcare November 15, 2024
Cybersecurity spending will likely continue to take over the IT budget in the coming year as threats become more sophisticated, according to a Nov. 13 report from Moody’s.
“The increasing digitization of the sector means the risk-mitigation strategies will remain a priority, necessitating continuous investment in cybersecurity,” according to the report. “Spending by healthcare providers on cybersecurity management will continue to rise, with cyber spending as a percentage of total technology budgets climbing to an estimated 7% in 2023 from 5% in 2019.”
Here are four takeaways from the report:
1. Multi-factor authentication and a strong incidence response plan will be essential to protect data and continue operations while offline if an attack occurs.
2. Using third-party...
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