The security dilemma of healthcare in the Digital journey

1. The security dilemma of healthcare in the Digital journey

2. Introduction: The healthcare industry is going through a disruptive phase. IoT and IoMT have opened new avenues for the sector which is now focusing on developing its remote patient monitoring and care capabilities. The global IoT healthcare market is expected to reach $188 billion by 2024, growing at a CAGR of 27.6%. Combined with Artificial Intelligence, IoMT devices are making healthcare accessible and affordable to all. An estimate by Goldman Sachs shows that IoMT devices will save $300 billion for the healthcare sector. Amidst the growing ageing population and healthcare costs, IoMT is proving to be a boon. However, with the increasing connected devices, there is also a parallel rise in the number of data breaches and cybercrimes. Within the last year, 82% of healthcare organizations’ IoT devices were targeted for cyber-attacks. More than 41.11 million records were exposed, stolen, or disclosed without permission. It is expected that the healthcare sector will have to pay a cost of $4 billion for the data breaches.

3. “The Internet of Things (IoT) devoid of comprehensive security management is tantamount to the Internet of Threats. Apply open collaborative innovation, systems thinking & zero-trust security models to design IoT ecosystems that generate and capture value in value chains of the Internet of Things,” says Stephane Nappo. While the promise of IoMT is not to be dismissed, the security concerns are critical. On its digital growth, the healthcare sector is facing the dilemma of patient privacy and security versus enhanced patient care and quality. Leveraging digital health technology leaves the sector vulnerable to cyber-attacks. Therefore, it is essential to find a mid-way that helps the healthcare industry progress while keeping itself secure from the malicious cybercrimes. Let us explore the promises that IoMT brings to healthcare and understand how the industry can keep itself secure from the cyber-attacks: What does IoMT brings to the table? Affordability and accessibility are the two prime benefits bestowed to humanity by IoMT technology. By enabling remote care, IoMT significantly reduces the costs. A few examples of IoMT in the market are:

4. ABILIFY MCYITE® System: This is a four-component system comprising a pill, a patch, an app, and a dashboard. The pill is an Aripiprazole tabled embedded with an Ingestible Event Marker (IEM) sensor, which gets activated when the pill is consumed. The sensor communicates the event to the MYCITE® patch that identifies and records the date and time of ingestion. This information is then communicated to a smart phone application through which users or caregivers can review and monitor the data and activity levels. The dashboard makes for a web-based portal through which healthcare providers can access their patient’s data. eVisit: Rated as one of the top remote patient monitoring platforms, eVisit is making telemedicine possible for the healthcare sector. Platforms such as eVisit helps healthcare organizations to scale their telemedicine footprint while improving patient engagement, revenues, and workflow processes. Read the complete blog on: https://www.cigniti.com/blog/healthcare-security-iomt-iot/