Global spending on cybersecurity in healthcare is expected to exceed $65 billion by 2021, however, the real issue lies in the amount that is not being spent. Ransomware attacks are predicted to worsen in the coming years, and the use of bitcoin enables and encourages criminals to pursue these attacks. The healthcare sector is particularly vulnerable due to outdated technology and unsecured Internet of Things devices. Hospitals are often unprepared for these attacks and will pay to regain their encrypted data.
Iran-based hacking group APT34 has launched a new cyber espionage operation, according to cybersecurity firm Trend Micro. The group has been infecting victims with the