CPO Magazine October 21, 2020
The threat of cyberattacks has grown in every industry since COVID-19 was declared a pandemic in March 2020. The sectors that feature the highest density of personal data have the most increased risks. One such sector is the healthcare industry, which typically stores protected health information (PHI). PHI includes personally identifiable information (PII), which is perhaps why both the magnitude and intensity of cyberattacks are growing in this sector. Healthcare is situated at the forefront of all industries that suffer losses from cyberattacks, which typically costs $7 million per breach—a step above the global average. The American healthcare industry is expected to invest about $65 billion from 2017 to 2021 in cybersecurity products and services. More can be done to...
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