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Health Care Business Review-Ken Research

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Global Internet of Things Healthcare Market Analysis is forecasted to reach a market value of approx. USD 14.6 Billion. Market research estimates predict that there will be a total of approximately 20 billion connected devices by 2020 with roughly 40% being in the health sector. To know more, click on the link below – PowerPoint PPT presentation

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Title: Health Care Business Review-Ken Research


1
How Cyber Security vulnerabilities will shape the
future of Healthcare Sector Globally?
2
Introduction Global Internet of Things
Healthcare Market Analysis is forecasted to reach
a market value of approx. USD 14.6 Billion.
Market research estimates predict that there will
be a total of approximately 20 billion connected
devices by 2020 with roughly 40 being in the
health sector. What this means is the
introduction of 8 Billion opportunities for
hackers to infiltrate a persons life without
them even knowing and worse, specific medical
devices are so sensitive in a persons health
that improper functioning of the device could
lead to death. The problem About 45 of all
ransom ware attacks in 2017 were in the health
sector with a major portion being in healthcare
systems and about a third of the attacks being in
healthcare devices. In 2017, the FDA was
responsible for the recall of about 465,000
pacemakers due to security vulnerabilities.
Furthermore, about 200,000 windows systems
including those at 48 hospital trusts in the U.K.
and medical facilities in the U.S. were hit by
the ransom ware Wannacry leading to a medical
crisis as the lack of a security patch for
windows XP server led to a mass ransom ware
attack. Implication Overall, hacking of medical
IoT devices led to a loss of USD 6.3 billion in
2017 in the US alone. The need for security in
IoT devices is alarmingly high.
3
The threat of the vulnerability is highly
prominent as IoT devices are connected to a
persons medical card which is exponentially more
valuable than a credit card due to it containing
a persons credit card information, health data,
social security, date of birth, address and more.
A medical card can lead to further vulnerability
as the virtual component could be further
connected to the patients hospital or insurance
provider. This looming threat has led to the
recent spike of ransom ware in medical devices,
namely Wannacry and NotPetya being the more
prominent malware used to infect medical devices.
The most recent development in the sector of
ransom ware is the Hide and Seek Botnet capable
of handling a system reboot by copying itself
into /etc/init.d/, a folder that houses daemon
scripts on Linux-based operating systems like the
ones on routers and IoT devices. By placing
itself in this menu, the device's OS will
automatically start the malware's process after
the next reboot. A majority of system malware in
almost any device was capable of being eliminated
by resetting the device and although it led to
file loss it meant the malware would be removed
as well but the development of the HNS bot has
led to malware that can survive a system being
reset. To make matters worse, the bot has added
support for brute force attacks. What this means
is that HNS infected devices will scan for other
devices that have an exposed Telnet port and
attempt to log into that device using a list of
preset credentials.
4
This threat is further exemplified when taking
into account automated medicine dispensing.
Medicine and health is all about taking the right
doses of the right substance at the right time
prompting the right reaction. This fundamental
principle of healthcare is exposed to chaos by
computer enthusiasts if a proper network security
protocol is not implemented. Conclusion There
is an evolving need for the implementation of a
solid security framework for technology. The lack
of a central regulatory body and the lack of an
effective law regime for smart devices have
caused a major gap between the level of usage and
the safety of technology. Technology stores a
persons most sensitive information as the
colloquial data which is traded like currency
in recent times. There are increasing cases of
unauthorized use and sale of data caused by
security breaches from software and applications
consumers install on their devices. While the
previous threat was contained at having your data
accessed without your knowledge, the threat with
medical devices is far more significant
Electronically controlled pacemakers can be
overridden to damage your heart, life support
machines can be shut down, insulin pumps can
administer a fatal dose and more. This major
vulnerability in electronic healthcare technology
presents a major opportunity for provision of
security systems for IoT based healthcare devices
and remote medicinal equipment.
5
As the threat has been detected, the market for
security of medical devices is still poised to
truly grow. This offers significant economic
opportunity for emerging companies like Protenus,
ClearData, Medcrypt, Senrio and more to develop
adequate security systems for safe and accessible
storage of consumer medical information and
control over medical devices. To know more,
click on the link below https//www.kenresearch.c
om/healthcare/general-healthcare/SC-91-64.html  
Related Report https//www.kenresearch.com/health
care/diagnostics/global-healthcare-equipment-and-s
upplies-industry/152-91.html   Contact Us Ken
Research  Ankur Gupta, Head Marketing
Communications sales_at_kenresearch.com 91-90153782
49
6
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