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Hackers Target Medical IoT Devices To Obtain Prescription Drugs

Source: bitcoin

Bitcoinist_Medical IoT Devices

Hospital IT security is not up to par, as a recent reported indicated. It looks like the threat is far more real than anticipated, as a new wave of IoT device attacks is taking place as we speak. Medical services, ranging from CT scanners to dialysis pumps, are targeted by hackers. Albeit these assailants will not shut down the machines, they are trying to retrieve confidential patient information.

Also read: FBI Overstepped Boundaries Again in Silk Road Investigation

Very few people seem to realize medical devices store a lot of sensitive patient data. MRI Machines and CT scanners keep a record of all patients going through these devices. The vast majority of these machines is connected to the Internet, making them a lucrative target for hackers all over the world.

Medical IoT Devices Are A High-value Target

As one would come to expect from lackluster hospital IT security, these machines are inadequately protected. To be more precise, assailants use older versions of malware to attack medical IoT equipment. Conficker, a very old type of worm, has been identified as one of the tools of attack. Far too many medical devices connected to the Internet run on older Windows versions.

Security firm TrapX Labs explained the situation as follows:

“The malware utilized for this attack was specifically selected to exploit older versions of Windows… It enabled the attacker to install a backdoor within the enterprise, from which they could launch their campaign and quietly exfiltrate data and perhaps cause significant damage using a ransomware attack.”

Conficker has been a cause of concern for security experts in the past. Similar to how ransomware is evolving, this worm used to undergo several changes during its reign. The developers even used it to hijack infected devices and use them for DDoS and spam attacks. Medical machinery is a lot more powerful compared to CCTV cameras, and can be wielded to cause a lot more harm.

The Number of Attacks Increases

The medical industry has been under attack from hackers for quite some time now. Several hospitals had to deal with ransomware attacks these past few months. Patient records have always been a high-value target for hackers. One individual is even selling three different databases on the deep web. Every database has several tens of thousands of patient records in it.

Using these medical profiles goes well beyond using them for extortion schemes. A hacker would be able to get prescriptions filled. After all, these prescriptions are covered by insurance, and the pills have a high resale value on the deep web. All of these goods are sold in exchange for Bitcoin. There is no better time than now for hospitals to step up their IT security. Unfortunately, most of them do not have the staff or money to do so.

What are your thoughts on hackers going after medical IoT devices/ Let us know in the comments below!

Source: Threatpost

Images courtesy of Shutterstock, TrapX

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Hackers Target Medical IoT Devices To Obtain Prescription Drugs

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Dub 29

Industry Report: EU Gets Serious, Blockchain Does Healthcare

Source: bitcoin

ECB EU

Want to catch up on the latest digital currency news? Recently, the EU has been making waves in the blockchain space. Take a gander at the stories below to see what you’ve been missing.

Also read: Industry Report: Kraken, Others Receive Large Investments

THE EU

The European Union is getting serious about bitcoin. Digital currency exchange Bitstamp has received an official license from Luxembourg, a little country with some large aspirations, making it Europe’s first fully regulated institution for bitcoin. Several newcomers are now looking to get in on the trade, and crypto popularity in Europe is expected to increase tenfold.

The license is set go into effect on July 1st of this year. One of the highest priorities of all digital currency applications is customer safety, and Bitstamp isn’t willing to take any chances.

Co-founder and CEO Nejc Kodric explained in a press release:

“We have put a lot of time and resources into the regulatory process with the goal of ensuring customers feel more confident in using Bitstamp’s exchange and products across the European Union… We are proud to have taken this important step for our customers and the digital currency/blockchain industry globally.”

BLOCKCHAIN HEALTHCARE?

First came Obama’s Affordable Healthcare Act; Obamacare. Now, the blockchain is spreading its wings in the world’s health industry, and the ways we do medicine and emergency surgery are about to undergo some massive changes.

With the introduction of Gem Health, a blockchain based around healthcare data is emerging with the goals of keeping records and data safe and sound, and connecting people on a global scale to reasonable and accessible healthcare providers. It is also being implied that Ethereum will be integrated for the handling of private health infrastructure.

Micah Winkelspecht, founder and CEO of Gem, stated:

“Blockchain technology will create a new fabric that connects the entire healthcare industry, weaving together critical data from every stage of the continuum of care… Blockchains address the trade-off between data availability and data security. For healthcare, this enables hospitals, insurance companies and labs to connect in real-time and share information instantly and seamlessly – without exposing those channels to theft or forgery.”

Through Gem Health, those in need of appropriate medical attention can likely rest assured that their information will be kept private and invulnerable to dangers like hackings and related cyber-attacks.

What stories would you like to see mentioned in our weekly industry reports? Post your thoughts and comments below!


 

Images courtesy of Ugandaexports.go.ug & unomaha.edu.

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Industry Report: EU Gets Serious, Blockchain Does Healthcare

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Led 15

Fighting Boston Scientific Counterfeit In Healthcare With Blockchain Technology

Source: bitcoin

Fighting Boston Scientific Counterfeit In Healthcare With Blockchain Technology

Counterfeit goods and ingredient sis a major threat to not just the financial ecosystem, but to the health of consumers around the world. Boston Scientific is the latest company being called out on using counterfeit ingredients, which could severely affect consumer health. If only these companies had used blockchain technology to ensure all of the materials used were genuine, this class action lawsuit would have been prevented.

Also read: Adyen Can Bring Bitcoin To Major Businesses Like Netflix And Uber

Boston Scientific And Counterfeit Material

There is no denying the blockchain offers plenty of use cases that will affect the everyday life of both consumers and businesses all over the world. Most consumers think of counterfeit in the form of fake clothing and handbags, which is an equally worrying trend flooding markets all over the world. Counterfeit goods are far worse quality than the real thing, and can harm brand reputation in the long run.

But the biggest culprit in the counterfeit industry can be found in the medical and healthcare sector. Not only is there a vast supply of fake medicine flooding markets in developing countries around the world – with health concerns as a logical consequence – but large manufacturers are using dubious materials in their solutions as well.

Take Boston Scientific, for example, a company well known for manufacturing vaginal mesh implants. Several users have reported miscarriages and various other medical issues as a result of these implants, which has lead to a scrutinizing investigation. Skimping on the materials used in these implants is a big no-no, and rumours are circulating Boston Scientific has been used counterfeit material from China.

With over 70,000 civil lawsuits consolidated into one major federal case, the future’s looking grim for Boston Scientific. If officials can prove counterfeit materials have been used by the company, criminal charges and heftier fines would be on the horizon for the company. Furthermore, the sale of these vaginal mesh implants needs to be halted as soon as possible, until the matter has been resolved.

It may seem all but impossible to prevent counterfeit goods from making their way into the healthcare system, but nothing could be further from the truth. The blockchain is perfectly capable of creating a tool that can be wielded by companies and individuals all over the world to prevent counterfeit goods from entering the market.

Fighting Counterfeit With The Blockchain

Blockchain technology can be adapted to suit various needs, regardless of industry. Battling counterfeit is not an easy task,  which is where the blockchain comes into the picture. This public ledger can be used by manufacturers and vendors to publicly track the origin of good and products used, from the moment it is being manufactured, to when it is in the stores waiting to be sold.

BlockVerify is one the companies working towards achieving that goal, and they have mentioned healthcare as one of the major industries to benefit from the blockchain. Other companies, such as Everledger, are using the same type of technology to remove counterfeit diamonds from circulation one step at a time.

What are your thoughts on using blockchain technology to fight counterfeit goods? How will the federal case against Boston Scientific turn out? Let us know in the comments below!

Source: CNN Money

Images courtesy of Shutterstock, Boston Scientific

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Fighting Boston Scientific Counterfeit In Healthcare With Blockchain Technology

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