By Mr.Nitin Gaur (Director - Information Security & Compliance)
In this age of digitization, emerging and disruptive technologies are changing the business landscape of every industry be it retail, banking, defence, automotive, or the healthcare industry. Digitized information is replacing piles of paper-based files making it easier to share information virtually, across the globe. This rapid onset of digitization comes with the danger of cyber crime in the form of diverse cyber crime attacks.
Cyber security has become a necessity for each and every organization with the global spend only seen increasing annually. A recent market research report predicts the global cyber security market to reach a value of USD 231 Billion by the year 2022.
While no industry is alien to cyber crimes, malware and ransomware attacks, the healthcare industry has always been a soft target given the sensitive nature of patient information involved in day-to-day transactions. The Healthcare Cyber Security Market by itself is expected to be worth USD 10.85 Billion by the year 2022.
In the healthcare outsourcing industry, data security is a significant aspect, as data from healthcare outsourcing firms comprise of PIIs or Personal Identification Information highly sensitive in nature. While the shift to Electronic Medical Records (EMRs) and Electronic Health Records (EHRs) is helping the industry scale new dimensions, on the other hand, their protection becomes even more vital as these valuable digital assets have become the primary target of cyber attackers in the recent past.Read More