A Shifting Cyber Risk Landscape?

A Shifting Cyber Risk Landscape?

The recent Oracle Health data breach, where cybercriminals leveraged Oracle’s system to steal patient data from multiple U.S. healthcare providers, represents the latest notable example of a healthcare organization successfully compromised by cybercriminals.As the exact cause and impact of the Oracle Health breach become more widely known, one thing is crystal clear to Finn: the cyber risk landscape is shifting. “Bad actors increasingly favor exploiting the software vulnerabilities found in external solutions used by healthcare organizations to access their coveted patient data.”PIH Health (December 2024). A ransomware group infiltrated PIH Health Hospitals’ third-party IT systems, locking access to 17 million patients’ records and leaving patients unable to access medical care or prescriptions.

Medigy Insights

The Artificial Intelligence (AI) revolution in healthcare has spawned a cottage industry of software companies rushing to bring their products to market. As developers in startup companies understandably prioritize the creation and launch of their products, it’s not uncommon for them to neglect to properly check or fix known code vulnerabilities. With leading organizations maintaining a code flaw prevalence around 40%, it’s not unthinkable to find many of these smaller firms struggling with known code vulnerabilities twice that rate (or more).


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