You may have heard a lot about cyber threats and how they can severely impact the bottom line of your business. Undoubtedly, you may have adopted one or many of the cybersecurity approaches to curb risks and prevent attacks. Ideally, you may also be using a state-of-the-art cyber risk monitoring system in place.
Having said that, we reiterate the importance of cybersecurity for organizations in the IT domain to function uninterruptedly. What about the healthcare industry? Do they face similar risks and threats too?
Let’s understand this in detail.
Though electronic healthcare records come with several advantages of enabling quicker access to critical patient information, easy data sharing, and eliminating the chances of fragmentation, they come with a set of cybersecurity challenges.
Electronic Healthcare Records (EHRs) contain critical patient information that proves to be a valuable commodity for hackers. Not just credit card numbers, patient account information, personal information, but EHRs have the medical history of patients that is updated after every visit and diagnosis. If this sensitive information lands in the hands of fraudsters/nefarious people, they may misuse it for identity theft or extortion. It may also result in holding information hostage in return for a ransom. This will delay treatment/medical assistance for the patients, hitting negatively on their health condition.
The below-shown data elaborates on the average number of breaches that have occurred as of May 2021. As we see, high numbers of records continue to be compromised. In fact, across the 62 breaches that happened in April, 2583117 health records were compromised.
That was about how cybersecurity is pivotal for the healthcare industry. Now, we have consolidated a few points on how a data encryption and protection tool like the IBM Guardium can help secure critical patient information. Check them out right away!
IBM Security Guardium Data Encryption (GDE) is a modular set of encryption solutions that helps in "data-at-rest" security across your organization. GDE is an integrated suite of products that are built on a common, extensible infrastructure. They also come with capabilities of centralized key and policy management that helps reduce administration efforts, addresses compliance-related concerns, data security policies while staying aligned with encryption best practices.
The key benefits of adopting the IBM Guardium data encryption are as follows:
The IBM data encryption data security manager contains a suite of integrated products. It helps in the following ways:
Guardium for tokenization reduces the cost and effort that goes into adhering to compliance and regulatory mandates. The solution provides data tokenization and dynamic display security. This plays an important role in protecting sensitive business assets. The solution can also be extended to leverage the cloud, big data, and outsourced models effectively.
This solution comes with Bring Your Own Key (BYOK) and Keep Your Own Key (KYOK) capabilities. It helps reduce the key management complexities and operational costs by providing a full lifecycle control of encryption keys with centralized visibility and management to the customers.
Guardium for data encryption key management helps customers who already have a data security manager to handle their encryption keys. Having centralized key management helps consistent policy implementation across the organization while reducing maintenance and training costs.
The benefits of using this solution are:
The key features of this solution include the following:
This solution streamlines the process of adding encryption into existing applications. The Guardium for application encryption offers key management, signing, and encryption capabilities. This helps in the protection of files, database fields, and big data selections amongst others.
This solution offers data masking services. It enables secure, fast, and efficient use of technological innovations in data warehouses, big data on-premises, and on the cloud, sharing databases with DevOps and outsourced data analysis.
Data encryption solutions protect data from fraudsters who attempt to access sensitive information. Therefore, an appropriate data encryption and protection tool like the IBM Guardium can help you to effectively organize and manage data centrally and help you to enforce security best practices across your data repository in the medical facility.
Hopefully, the above-mentioned points elaborate on the need for a state-of-the-art encryption tool and also highlights how IBM Guardium is the best suitable one for the healthcare industry.