People love an underdog. It’s one of the main reasons millions of viewers watch the March Madness basketball tournament every year or why the biblical story of David and Goliath is one of the oldest and most repeated stories of all time–it is inspiring to see the improbable come true.
In the world of healthcare data security, the Goliaths dominate. However, there is an underdog story in the making in this field too. Healthcare providers are struggling to keep up to date on compliance with changing regulations as well as the technology needed to properly protect their data. For example, 36%-40% of hospitals (depending on size) reported dissatisfaction with their security systems and a need for improvement in the next 12 months.
Many hospitals rely on vendors- 24% specifically according to Peer60 2015 report- to keep security software and programs up to date, while another 11% depend on the same companies to comply with HIPAA regulations. Vendors often do a poor job of explaining their complex systems and this makes it much more difficult for hospitals to implement all of the tools they have been given. Also, many security companies aren’t up to date on current data protection technology. If these hospitals are not taking advantage of all of the features a security solution has to offer and the technology used is not effective, than how safe could your important data really be?
Since a select few large companies run most Network security systems, this complaint with how protection is being managed in hospitals is largely significant to all other security vendors and providers looking to get their name out on the market through innovation and disruption in the market place.. By providing less expensive, easier to use, and more effective data security protection, the smaller and newer security companies can shift demand away from the dominant few that have controlled the market in past years. If the large security companies cannot satisfy, then it is time for the Davids of the data security world to make their mark. This is already happening in the highly evolving Security Monitoring and CyberSecurity arena.
In the recently released Gartner CIO Agenda Report, 2015, CIOs have identified Security & Risk Management as one of their top priorities. Many of your peers have already engaged Aegify to manage their security, risk and compliance efforts. Discover why. To learn more about how to protect important data, please click HERE to watch our excellent 55 minute presentation on how to protect your company from cyber attacks.