The healthcare and medical industry is prone to cyber security attacks and the costs are significant. Globally, the healthcare industry has the highest costs associated with data breaches—an average mitigation cost of $6.45 million. Data breaches in the medical sector typically cost 65% more than other industry sectors, according to The Ponemon Institute/IBM Security 2019 Cost of a Data Breach Report.
Tactics such as advanced persistent threats and phishing are used to target medical and healthcare organizations. These growing and recurring threats are why WillCo Tech considers this a key area to lend its expertise.