I know how terrible healthcare records theft can be. I myself have been the victim of a data theft by hackers who stole my deceased father's medical files, running up more than $300,000 in false charges. I am still disputing on-going bills that have been accruing for the last 15 years. This event led me on the path to finding a solution so others would not suffer the consequences that I continue to be impacted by, but hospitals and other healthcare providers must be willing to make the change. The writing is on the wall.
Digital systems have become crucial to the daily operations of most businesses, governments, and consumers across the globe. The increase in the use of digital systems has also seen an increase in the risk of the systems being hacked. Artificial intelligence (AI) and other solutions developed to ease daily operations of business have brought more complexity to a world that is already convoluted. Despite that, these new technologies can become strong allies, and if properly developed and embraced, they can provide new layers of security that will boost security and protect users against hackers. The cybersecurity sector witnessed a torrid 2017.
If the past few years have told businesses anything, it's that cybersecurity issues are not going to go away. Hackers, and the methods they use, are getting smarter. There are now more ways than ever for cybercriminals to exploit precious data and use it as a digital weapon. Big Data, while bringing positive disruption to business and society, has made it harder for organisations to keep track of information. So, what should organisations (and everybody else, for that matter) look out for in the next wave of cyber compromises?
As businesses, governments and consumers rely on digital systems to fulfil most of their daily operations, so do the risks of those systems being hacked increase. The more the technologies they adopt, the greater the hazards they have to face. In fact, new solutions to ease businesses daily operations such as Artificial Intelligence tech embedded in Operative Systems and IT software managing huge databases, bring even more complexity to an already convoluted world. However, these new techs can also become their strongest allies! If properly developed and embraced, they can deliver new layers of security that build up a strong shield of protection against hackers.
Since cybersecurity threats have become a topic of nightly newscasts, no longer is anyone shocked by their scope and veracity. What is shocking is the financial damage the attacks are predicted to cause as they reverberate throughout the economy (I know how terrible this type of crime can be. I myself have been the victim of a data theft by hackers who stole my deceased father's medical files, running up more than $300,000 in false charges. I am still disputing on-going bills that have been accruing for the last 15 years). Cybersecurity Ventures predicts global annual cyber-crime costs will grow from $3 trillion in 2015 to $6 trillion annually by 2021, which includes damage and destruction of data, stolen money, lost productivity and theft of intellectual property, personal and financial data, embezzlement and fraud.