Healthcare Data Presents Lucrative Target for Cyberattackers

Healthcare Data Presents Lucrative Target for Cyberattackers

Safety & Security, one of Tematica’s investment themes that probably has the most relevance in the headlines on a day-to-day basis. The theme essentially reflects the defensive posture we as a society have adopted as of late — one cause of which was the aftermath of the 9-11 Attacks 17 years ago — across all areas of our lives: homeland protection; protection of ourselves, our homes,  and possessions; protection of corporate assets; and protection of data across all levels.

The reality when it comes to protection of data isn’t necessarily will happen, but when and how bad. This report from Marsh & McLennon points to just how bad it’s already gotten:

September 07, 2018 – The healthcare sector will remain one of the most targeted industries by cyberattackers because of its valuable healthcare data, judged a report published Sept. 6 by Marsh & McLennan Companies’ Global Risk Center.In fact, more than one-quarter of healthcare organizations reported they had been victims of a cyberattack. This is more than financial institutions (20 percent) and nearly twice the rate in the communications, media and technology sector (14 percent).The report’s data is taken from a survey of 1,312 senior executives conducted by Marsh in partnership with Microsoft.

See Full Report: Healthcare Data Presents Lucrative Target for Cyberattackers


On when end, hacking the files of a healthcare organization might not seem like a big deal — so what if a hacker knows I have elevated cholesterol or had stitches in my hand, right?  Well in most cases, medical records also include the most valuable piece of data, social security numbers, along with billing addresses and your spouses’ name. In other words, all the critical pieces of data someone would need to steal your identity and go on quite a spending binge, or possibly even use your ID to use up all your healthcare benefits themselves.

And we haven’t even mentioned the most dire of situations, much of the medical equipment in hospitals and emergency rooms is becoming integrated with IoT technology, allowing for remote monitoring and sharing of data among medical professional. It’s a great thing; however, what happens with a cyber attack shuts down equipment in an emergency room during a terrorist attack?

These, for better or worse, are the things we think through and research with our Safety and Security investment theme and as we construct the Safety & Security Index.

About the Author

Chris Broussard
I'm the Co-Founder and President of Tematica Research and editor of Thematic Signals, which aims to uncover confirming data points and items to watch for our list of investing themes. Whether its a news item, video clip, or company commentary, we've included this full list of items literally "ripped from the headlines." I have been involved in financial services marketing and publishing for over 20 years – having held senior level positions with financial publishers, financial services corporations and providing marketing support and consulting services to financial institutions and independent financial advisors. My background in digital marketing, financial services and consumer research provides me with a unique perspective on how to uncover the underlying proof points that are driving the themes our Chief Investment Officer Chris Versace utilizes in our various Tematica publications.

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