5 things to know about cyber security in healthcare — and what CEOs (aren’t) doing about it

PwC’s 20th Annual Global CEO Survey shows healthcare CEOs are concerned about cyber security but most aren’t taking action.

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Here are five things to know:

1. Eighty-six percent of the healthcare CEOs believe technology will reshape competition in the next half-decade.

2. Three-quarters of healthcare CEOs say “trust” is more difficult to gain and keep among the digital world’s stakeholders and 71 percent are concerned about technological change.

3. Sixty-three percent of healthcare CEOs are actively addressing data breaches and ethics, compared with 52 percent of CEOs on a global scale.

4. Sixty-one percent of healthcare CEOs ranked cyber security as the No. 2 risk to stakeholder trust, but just 48 percent of healthcare CEOs are taking action to resolve cyber security issues.

5. Seventy-five percent of healthcare CEOs said they’re concerned about cyber threats.

“Taking into consideration the sensitivity of healthcare data, it’s no surprise that industry CEOs are worried how technology could influence consumer trust and privacy,” said Patrick Figgis, PwC’s Global Health Services Leader. “Yet as the survey results show, the healthcare industry is still at odds on how to harness its capabilities and mitigate the issues that could arise.”

The survey also found healthcare CEOs recognize technology could shape and create new opportunities, and 59 percent are exploring the benefits of humans and machines working together and 82 percent plan to use digital technology in training. But few taking action on cyber security.

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