$25m Injected Into Securing Medical Devices in Hospitals

Medical Devices

While medical equipment aids in automating processes and lowering the possibility of mistakes, it also puts patients in danger due to an abundance of security flaws.

A rise in attacks on the healthcare sector is being caused by serious holes in security for over 50% of connected medical equipment in hospitals, according to the FBI.

“A rise in attacks on the healthcare sector is being caused by serious holes in security“

Higher levels of regulation have resulted from this, with the US FDA this year announcing guidelines for the design and upkeep of medical devices following delays brought on by the recent pandemic.

CEO of MedCrypt, Mike Kijewski, said “that’s when we started to see device manufacturers really start to make changes.”

MedCrypt offers software for any medical equipment that the FDA may classify as a cybersecurity risk, including heart rate monitors and insulin pumps.

Kijewski said that “historically, healthcare companies would assume that if my device is running inside a hospital, we can trust the people inside the hospital, and if a bad guy gets into the hospital, then that’s not our problem. So, they would use the same username and password for every device that gets shipped out there.”

MedCrypt has said that it has acquired $25 million in Series B investment to assist device makers in fulfilling FDA’s specifications so that vital products might hit the market more quickly.

But this is not MedCrypt’s long term objective, which is much more intense. Kijewski said: “I think there’s an opportunity for there to be a very large, publicly traded healthcare-specific cybersecurity company,” “I want to be the one building that company.”

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