Here ’s What to Expect from IoMT Cybersecurity in 2024

The following is a guest article by Shankar Somasundaram, CEO at Asimily Healthcare delivery organizations (HDOs) continue to be up against a fast-moving landscape trying to keep up with and mitigate cybersecurity threats to medical technology. But even setting aside the immense challenge of safeguarding Internet of Medical Things (IoMT) devices from increasingly sophisticated and frequent attacks, HDOs must also adapt to shifting cyber insurance practices and compliance mandates. All of these challenges are compounded by the budget and staff constraints facing most HDOs. To stay safe in 2024, understanding the current state of IoMT security and how to prioritize action is critical. Here’s what HDOs should be prepared for in 2024: Cyber Insurers will no Longer Absolve HDOs of their Responsibilities to Avoid Data Breaches The days when holding cyber insurance amounted to a “get-out-of-data-breaches-free” card are dwindling. Cyber insurers are no longer interested in bearing more responsibility for insufficient cybersecurity than the HDOs themselves—and are revising their policies accordingly. In 2024, HDOs must watch for policy changes that include new and more specific security responsibilities under their cyber insurance policies, limits on cyber insurance coverage, and caps on insurance payouts in the aftermath of data breach incidents. While insurers will still share the brunt of breach-related costs, they are increasingly making it clear that HDOs must secure thei...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: C-Suite Leadership Health IT Company Healthcare IT Hospital - Health System Security and Privacy Asimily Cyber Insurers Cybersecurity Data Breaches HDOs Healthcare Cybersecurity Healthcare Cybersecurity Insurance Healthcare Deliver Source Type: blogs