•
help to promptly connect them to accrued in the second year and another 11%
professional care. more than two years after a breach. Longtail
costs are higher in the second and third years
Augmented and Virtual Reality
for organizations in highly-regulated
Augmented and virtual reality is
environments, such as healthcare, financial
revolutionizing the efficiency and cost
services, energy and pharmaceuticals.
optimization of surgeries. For example,
•
surgeons are now able to create an exact Malware attacks are also on the rise as authors
replica of human organs before become more sophisticated in finding both
conducting complicated surgeries. new attack vectors and ways to outsmart the
programs that prevent them. There are many
Telemedicine
causes of malware attacks including bundled
The telemedicine landscape has seen rapid
free software programs, removable media, file
growth in recent years with numerous
technologies that enable high-quality video
interactions with healthcare providers. This
has been especially impactful in remote
areas where providers can’t easily reach
patients. As a result, telemedicine has
had a profound effect on the continuity of
care and improving patient outcomes while
decreasing the cost of care. As of 2019,
videos calls in which the healthcare
provider is able to see the visible symptoms
of a patient and diagnose them accordingly
have dominated the telemedicine sector.
As these technologies and many others
become more widely developed and deployed,
the future is predicted to bring even greater
change to improve the health of patients
worldwide.
ADVANCED CYBERSECURITY
One of the primary elements that all of the
technologies mentioned above have in common
is increased connectivity. While this creates
incredible opportunities for positive change,
it also increases cybersecurity risks, including
data breaches, malware attacks, hackers, data
loss/theft, and more. In fact, a recent report
by Cisco shows that 31% of organizations have
at some point encountered cyber-attacks on
their operations technology.
According to IBM’s 2019 Cost of a Data Breach
sharing, and not having an adequate internet
security program in place.
Coupled with ongoing threats from hackers,
cybercrime continues to grow exponentially.
How will the technology industry stay on top of
potential cybersecurity threats in the future?
The first step is to realize that cybersecurity
is an enterprise-wide risk, and create
comprehensive plans for employee education
and training. Organizations should aim to
create a cybersecurity culture that emphasizes
risk management, security, and resilience that
is a shared responsibility among all employees.
Report, the cost of a data breach has risen
12% over the past five years and now costs an
average of $3.92 million. Companies with less
than 500 employees suffered losses of more
than $2.5 million on average – a potentially
crippling amount for small businesses that
typically earn $50 million or less in annual
revenue. Furthermore, the longtail financial
impact of a data breach can be felt for years.
While an average of 67% of data breach costs
were realized within the first year, 22% were
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