July 2024: Boost your B2B software with security update

July 17, 2024
1 min read

TLDR:

  • Hospital hackings on the rise, highlighting the urgent need for improved cybersecurity in healthcare.
  • Cybersecurity monitoring essential for businesses facing a surge in cyber threats, with global cybercrime costs projected to reach $13.82 trillion by 2028.

In July 2024, healthcare hackings surged, putting patient data and safety at risk. Cybercriminals target hospitals and healthcare systems due to their aging technology, making them easy targets for ransomware attacks. To combat this, increased federal funding and collaboration between governments and the healthcare industry are essential.

Additionally, the need for cybersecurity monitoring in businesses has never been more critical, with global cybercrime costs projected to reach $13.82 trillion by 2028. Effective cybersecurity monitoring strategies can save businesses from the potential devastating impacts of cyberattacks. Recent studies show that the average cost of a data breach rose to $4.45 million in 2023, emphasizing the importance of proactive cybersecurity measures.

Businesses of all sizes are facing cyber threats, with 66% of small and medium-sized businesses experiencing cyberattacks in the past 12 months. Implementing risk assessments, selecting the right tools, and establishing baselines for network activity are crucial steps in building an effective cybersecurity strategy. Ongoing employee training is also vital to ensure awareness of the latest security threats and best practices.

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