The Internet of Things in the healthcare sector is booming. A typical hospital has hundreds of connected devices, from implantables, wearables, monitors, workflow, imaging, and patient data systems. But while these devices are helping healthcare providers to automate workflows and reduce the risk of error, common security vulnerabilities found in these devices are also endangering patients.

“Historically, healthcare companies would assume that, well, if my device is running inside a hospital, we can trust the people inside the hospital, and if a bad guy gets into the hospital, then that’s not our problem,” said Kijewski. “So they would use the same username and password for every device that gets shipped out there.”

“There was a 12 to 18-month gap in the progression of the market as we had predicted it, but now we’re back on track,” Kijewski said.

MedCrypt works with most of the top medical device manufacturers and says its latest investment — backed by Section 32, Eniac Ventures, Anzu Partners, and Dolby Family Ventures — will help it to bolster both its product and its team to get into the hands of even more.

However, MedCrypt’s ultimate goal is far grander. “I think there’s an opportunity for there to be a very large, publicly-traded healthcare-specific cybersecurity company,” said Kijewski. “I want to be the one building that company.”

MedCrypt lands $25M injection to secure vulnerable medical devices by Carly Page originally published on TechCrunch

source