Under siege: cybercriminals are increasingly targeting hospitals for their rich customer data. What the healthcare industry must do to prevent costly data breaches.
Cyberattacks on American hospitals are increasing in both number and sophistication. This year, hospitals experienced 226 digital attacks affecting 36 million individuals, indicating a trend that is on pace to surpass last year's figures.
The COVID-19 pandemic has transformed the landscape of cyber risk for hospitals. Many healthcare networks were not designed to operate virtually overnight, which has exacerbated vulnerabilities and increased the likelihood of cyberattacks.
Healthcare Spending Growth
Healthcare spending is expected to grow significantly, making up about 20% of the American economy by 2031. The sector's share of the GDP is projected to increase from 18.3% in 2021 to 19.6% in 2031, with an average annual growth rate of 5.4% for national health expenditures.
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