Story image

OEMs in danger of 'failing' healthcare by ignoring medical device security, research finds

18 Oct 16

The global medical device market is in danger of failing if cybersecurity concerns are not addressed, new research from ABI Research has found.

Connected medical devices that are part of the Internet of Things (IoT) and integrated into healthcare IT will 'seriously undermine patient safety' if proper security is ignored, the company says.

"We estimate spending by healthcare providers and OEMs on healthcare cybersecurity to reach $5.5 billion by 2016. However, only $390 million of that will be dedicated to securing medical devices," says Michela Menting, research director at ABI Research.

ABI research believes that medical device cybersecurity will be boosted from spending by OEMs. The OEMs will embed security in hardware, test, update and analyse devices. This is in addition to an extra focus on data protection.

However, the company says that medical devices are plagued with vulnerabilities, including coding errors, disabled firewalls, unencrypted communications and others.

"Healthcare stakeholders have to understand that there is a new hostile environment that will emerge around networked medical devices and that threat actors have multiple levels of skills and diverging motivations for attacking the medical IoT," Menting explains.

The global investment and collaboration in medical device protection is only just beginning, and the company has found that global efforts are 'poor'. The United States is the only country dedicating 'significant' resources looking into the issue.

However, the growing awareness of proper device security will boost spending by triple the amount by 2021.

"Investment in medical device cybersecurity is critical in order to deliver the full promise of next-generation healthcare technology. OEMs and healthcare providers taking part in the discussion today will be the pioneers forming the foundation of future cybersecurity for medical devices," Menting concludes.

McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.
Symantec and Fortinet partner for integration
The partnership will deliver essential security controls across endpoint, network, and cloud environments.
Review: Blue Mic’s Satellite headphones are good but...
Blue Mic’s newest wireless headphones deliver on sound, aesthetic, and comfort - but there is a more insidious issue at hand.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
IDC: Smartphone shipments ready to stabilise in 2019
IDC expects year-over-year shipment growth of 2.6% in 2019, while the world's largest market is still forecast to be down 8.8% in 2018.
Microsoft NZ bids Goldie a “fond farewell”
Microsoft New Zealand director of commercial and partner business takes new role across the Tasman. The search for his replacement has begun.
Object-based storage over-looked by Aussies, survey shows
Hitachi Vantara has sponsored an IDC survey looking at the technology’s usage and adoption barriers across Asia Pacific.
One Identity a Visionary in Magic Quad for PAM
One Identity was recognised in the Gartner Magic Quadrant for Privileged Access Management for completeness of vision and ability to execute.