Systems have only become more vulnerable as more people worked from home during COVID
2017 seems like a lifetime ago, but you may remember the time when hospitals were hit by a strain of ransomware called WannaCry and later by one called NotPetya. It has reportedly affected more than 40 percent of hospitals worldwide over the next two years, along with other malware and ransomware.
Cut to 2020, and these systems are now even more vulnerable than Connected medical devices can make up a large portion of the devices on a hospital’s network, said Timur Ozekcin, co-founder and CEO of IoT cybersecurity and healthcare intelligence company Cylera.
“This can mean 10-20 connected medical devices per hospital room. These devices are typically not visible to traditional IT-type endpoint and network security solutions and processes. Most of the deployments Cylera has participated in have virtually zero visibility for healthcare IoT, “he said.
Along with a number of other potential healthcare vulnerabilities, including Due to the lack of visibility of the large number of existing medical devices and the fact that these devices are often managed and secured by different teams in the hospital, additional problems have now also arisen due to deployment COVID, which has forced many employees to work from home.
“There is an increased vulnerability, lack of information or awareness of security awareness among home workers due to COVID, and this population is an easy target for attackers to deceive with malicious email (the most common way of delivering malware) to gain access get organizations, “said Ozekcin.
All of this means that our healthcare system is very vulnerable to cyberattacks. Cylera, which this week announced a $ 10 million Series A funding round, wants to be The team and technology that enable cyber attacks to never cause physical harm or disrupt normal business practices.
It does that to you Platform that can be deployed on specific hardware platforms or run as virtualized machines Customers with differentiated asset management, risk analysis, intelligent segmentation, threat prevention, operational analysis and support with governance and compliance.
“There are two components: a centralized management console that can be located in IT or clinical departments, and multiple device sensors that can easily be deployed on the switch to passively mirror and analyze the network traffic and device behavior of the healthcare provider,” declared Ozekcin.
Some of the capabilities of Cylera include a real-time and continuously updated inventory of all connected IoT devices, including medical devices, OT devices, manufacturing devices, and general IoT devices. Technology that creates a virtualized “digital twin” of devices so that the platform can diagnose vulnerabilities and provide risk assessments and troubleshooting guidance on live devices without ever touching them; and device location, which within feet can identify and guide where devices are physically located.
“Many vendors in this area have similar functional needs, use similar formulations, but our product features and functions are differentiated when evaluating the proof of concept on site,” said Ozekcin.
Most of Cylera’s customers are well-known US and international hospital facilities, typically between 1,500 and 2,000 beds, although customers can be as large as 25 beds and up to 4,000 beds.
In terms of ROI, Cylera customers can see an average salary saving of a full-time employee (an estimated $ 140,000 per year with benefits) for each location where the platform is deployed. In addition, the ability to optimize your fleet can literally translate into savings of between $ 10,000 and $ 25,000 per day or even higher, depending on the equipment or equipment.
Cylera’s most recent round of funding, led by Concord Health Partners and Maverick Ventures, brings the company’s total funding to $ 17 million. It has also raised money from Concord Health Partners, Maverick Ventures, Contour Venture Partners, Two Sigma Ventures, Dreamit Ventures, Great Oaks Venture Capital, Red Bear Angels, and Samsung NEXT.
Some of the money will be used to double the size of the 30-person team by the end of the year and to expand the research and development teams, channel support, customer success, and sales and marketing teams. The funds will also be used to expand the company’s presence into new global markets through strategic channel partners. Cylera currently operates primarily in the US and UK, but is also expanding rapidly into EMEA. It is planned to enter APAC as soon as it has a regional representation there.
“The US and UK markets have always been a focus of Cylera and we can now build additional local resources to support our customers and partners. We only sell through resellers, but we still need to provide local marketing and sales support . “Said Ozekcin.
The company also plans to expand the technology specifically to new industries Market segments where technology has a real impact on customers and has a noticeable impact on their safety and operation.
“COVID-19 has highlighted the networking of healthcare and industry between suppliers, manufacturers, logistics companies and others. We are currently planning all priorities for prioritization in 2021 and beyond.”