Strict regulatory environment results in 71% of organizations prioritizing HIPAA compliance over the security of new systems and interconnected medical devices

Pondurance, the leading provider of managed detection and response (MDR) cybersecurity services designed to minimize breach risks, today announced publication of a new survey by Xtelligent research into cybersecurity and compliance challenges, and associated risks, faced by healthcare providers.

The survey concludes that technology complexity and scope are the most significant factors (59% of respondents) impairing their ability to stay ahead of cyber threats. Additionally, its findings include the following factors and risks that affect their ability to maintain the privacy and security of sensitive protected health information (PHI):

• Protecting regulated customer data from risks in light of evolving federal, state and international regulations including HIPAA and GDPR (71%) and new types of cyber threats like ransomware (63%), cannot be addressed with existing team members
• Complying with HIPAA security, privacy and breach response regulations is their #1 cybersecurity priority
• Detection (66%) of and response (61%) to security threats and incidents are top measures associated with minimizing breach risks

Given these factors, the survey also finds that healthcare providers plan to increase their spending for risk assessments (69%), security analytics (66%), incident response (63%) and MDR services (61%).

“The trend toward escalating data breaches within healthcare organizations creates a commensurate escalation of risks to patient privacy, regulatory compliance, and medical care,” said Doug Howard, president and CEO of Pondurance. “That is why so many healthcare providers have moved to a cyber risk orientation and trust the risk-based Pondurance MDR for cybersecurity protection and compliance, resulting in minimizing their breach risks.”

Pondurance provides a complete solution for mid-market organizations to outsource their cybersecurity and breach risk minimization strategies. In addition to a distinctive risk-based MDR, they also provide a suite of cybersecurity services including digital forensics and incident response (DFIR), as well as cyber advisory services such as security risk assessments and compliance audits, with a specialization in the complex healthcare risk and regulatory environment.

“This study highlights the challenges healthcare organizations face in balancing cyber threats, regulatory compliance, and information access and exchange in the fluid healthcare environment,” said Hayden Schmidt, Healthcare Market Insights Analyst at Xtelligent. “One core finding is that healthcare providers increasingly rely on outside experts and hosted services like MDRs to address breach risks and ensure compliance.”

For more information on this survey or for a copy of the entire report and survey results, visit our 2024 Xtelligent survey resource page.

Additional Resources

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About Pondurance

Pondurance is the only provider of managed detection and response (MDR) services purpose-built to minimize breach risks. As a full-service provider of incident response, MDR, and cybersecurity advisory and compliance services, Pondurance protects mid-sized organizations from data breach before, during and after their occurrence. Organizations entrusted with consumer PHI and PII rely on Pondurance to provide a complete outsourced security operations center (SOC) service.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241204497086/en/