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Cybersafe healthcare in the age of IoT

IIoT technology adoption in healthcare is accelerating, with investments reaching USD200 billion in the next few years. This brings heightened risk to confidential medical data; robust cyber security infrastructure must also be developed.

Categories: Cyber security, Healthcare, IoT

10 May 2023

5 Mins

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Key takeaways

  • The Internet of Things (IoT) in healthcare market size was valued at USD 128.18 billion in 2023 and is estimated to reach USD 556.71 billion by 2032.
  • However, rapid digitisation opens up the industry to newer, more advanced cyber threats and attacks.
  • While healthcare facilities continue to modernise and automate, there is a need for them to ramp up the cyber security measures they have in place, ensuring that confidential and sensitive data is kept safe.

There’s an ongoing gold rush on the Internet of Things (IoT) and artificial intelligence (AI) in the healthcare sector. The Internet of Things (IoT) in healthcare market size was valued at USD 128.18 billion in 2023 and is estimated to reach USD 556.71 billion by 2032, growing a CAGR of 17.9% from 2023 to 2032.

 

The rapid growth of IoT and AI in healthcare is being driven by the sector’s increasing reliance on large volumes of data that must be continuously collected, integrated, and analysed to improve outcomes and efficiency.

Hospitals and healthcare facilities are turning to these technologies to enable smarter workflows, predictive insights, and more personalised care.
 

At the same time, this expanding adoption brings a parallel rise in cyber security risks that could compromise sensitive patient information and disrupt essential services. These numbers highlight an urgent need for robust cyber security systems to be put in place to ensure that sensitive data is protected at all times.

 

Understanding healthcare technologies and cyber security’s role

Benefits of AI in healthcare

Benefits of AI in healthcare

Drive better decisions with data-driven insights.

Read more

The need for robust cybersecurity

The need for robust cyber security

A round-the-clock protection by trusted experts.

Read more

Benefits of AI and IoT in healthcare

The risks of IoT and AI adoption in healthcare certainly pale next to their benefits: these technologies give healthcare providers the ability to draw insights and make predictions from large sets of data, which are collected from an expanding ecosystem of interconnected medical devices like wearables, sensors, and monitoring systems. The data collected includes (but may not be limited to) real-time vital signs, glucose, and activity levels.

 

These technology-powered insights give healthcare providers the ability to make better-informed decisions on diagnoses and patient treatments – improving patient outcomes down the line.

 

IoT provides the backbone for this interconnected environment. With access to an ecosystem of IoT devices working with each other to harness, store, and analyse data, healthcare providers can then turn to AI to help identify useful patterns like recognising the early signs of kidney disease, or the symptoms of cardiac arrest.

 

The two technologies can also accelerate healthcare Research and Development (R&D). AI can sift through large amounts of data, such as genomic data and clinical trial data to identify potential drug candidates and target specific disease mechanisms; while IoT can provide real-time data from clinical trials, allowing researchers to monitor patient responses and adjust trials on the fly.

 

AI can also help optimise drug design and improve the speed of drug development – for example, machine learning algorithms can predict the effects of different compounds on specific diseases and identify the most promising candidates for further development.

 

Accelerate healthcare Research and Development (R&D)

Interconnected technology and AI are vital in the healthcare industry, pushing for data-driven and real-time analyses for better patient care outcomes.

 

The need for robust cyber security

Cyber attacks can put Singapore-based healthcare facilities at risk in more ways than one – under laws like the Personal Data Protection Act (PDPA), companies can be fined up to SGD1 million or 10% of the organisation's annual turnover, whichever is higher, in the event of a breach.2

 

As IoT and AI become the norm in healthcare facilities, providers are under pressure to build a robust cyber security system, ensuring that sensitive information from both patients and healthcare workers is kept safe and out of reach from attackers.

 

Some of the most common cyber security threats for the healthcare sector include3:

 

●  Ransomware
●  Data theft
●  Compromised systems
●  Denial-of-service attacks
●  Malware
●  Cloud threats
●  Weaponisation of tools

 

To address this broad selection of threats, effective cyber security needs to be holistic in its approach.

 

For example, Singtel offers round-the-clock monitoring, detection, prevention, and solutions provided by a team of trusted experts.

 

We also regularly update our threat intelligence, ensuring ongoing vigilance against new modus operandi for cyber attacks.

 

Solutions provided by Singtel to hospitals include:

 

●  Proactive risk management
●  Enhancing escalation and response capabilities
●  Formulating crisis strategies

 

These partnerships show that cyber security should not be left to a single IT department or expert – protecting sensitive patient data is a team effort based on robust and round-the-clock cyber security infrastructure and the know-how of trusted and tested experts.

 

Let’s talk about building a resilient cyber security infrastructure for your healthcare organisation.

 

References
1. Polaris Market Research, Internet of Things (IoT) in Healthcare Market Report, 2024-2032, 2024
2. Withers Worldwide, Data protection risks in a data driven economy, 2023.
3. Check Point, Biggest Cyber Security Challenges in 2023, 2023.

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