The global healthcare sector is projected to spend around $270 billion on Internet of Things (IoT) devices and services by 2023. However, the rapid growth of IoT in healthcare poses various unintended consequences and risks. Patty Nichols, an IoT expert, warns that IoT-linked machines are vulnerable to hackers and require frequent updates. Hospitals should perform due diligence on vendors and involve IT security in the decision-making process to address vulnerabilities. Additionally, caregiver smart screens and RFID-equipped cabinets can also introduce risks if not properly secured and managed.

ANZ businesses overestimate cyber readiness amid resilience gap – SecurityBrief Australia
Summarize this content to a maximum of 60 words: ANZ businesses overestimate cyber readiness amid resilience gap SecurityBrief Australia