Cybercrime Now Third Largest Global Economy, Posing Significant Threat to Healthcare
The Royal Gazette
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Contributed by: Kate Gamble
Summary
Cybercrime has become the third largest global economy by GDP, posing significant threats to the healthcare sector, which is frequently targeted by sophisticated cyberattacks. Experts from Fortified Health Security, speaking at the CIO Connect conference, commended the Bermuda Hospitals Board for its proactive cybersecurity measures but warned that healthcare organizations must remain vigilant, as attackers now operate in highly organized networks. With threat actors often spending an average of 279 days undetected within systems, the imperative for robust data backup solutions—alongside regular testing of these backups—has never been more crucial. This ongoing risk highlights the need for healthcare professionals to prioritize cybersecurity protocols to safeguard sensitive patient data and maintain operational integrity.
