The healthcare industry consists of companies that generate and commercialize healthcare goods and services. The healthcare vertical includes medical equipment and pharmaceutical manufacturers, health insurance firms, private and public healthcare organizations, and diagnostic, preventive, remedial, and therapeutic services providers. Organizations in the healthcare industry hold highly-sensitive data related to Protected Health Information (PHI), Personally Identifiable Information (PII), and PCI. This data is usually unprotected and sometimes not even encrypted. The data moves in the Enterprise Resource Planning (ERP) systems, and it is transmitted to hospitals, clinics, and laboratories. Cybercriminals target the healthcare organizations for PHI, PII, and credit card information. Therefore, the healthcare industry is increasingly adopting encryption solutions to prevent sensitive information from being transferred via vulnerable networks. Moreover, the industry deploys enterprise key management solutions along with encryption solutions to help organizations comply with the HIPAA and PCI DSS regulations. The recent attack on the AHMC Healthcare office near Los Angeles resulted in the leak of 700,000 patient records. Such instances of data breaches have led to the increasing demand for security against cyber threats. Stealing financial data is the primary target of cyber-attackers, but these days, medical data is also becoming one of the major targets. Healthcare organizations face several challenges, such as maintaining the privacy of Electronic Health Record (EHR) and meeting various compliances set by the HIPAA. Moreover, due to the proliferation of digital medical devices, network management has become essential to safeguard devices from malicious attacks. Social security numbers, insurance IDs, addresses, credit card information, and medical details are at risk because they usually contain valuable data. The healthcare industry is expected to contribute a significant market share in the enterprise key management market during the forecast period.
Enterprise Key Management Software in Healthcare and Life Sciences
Holding more than 35 years of legacy in creating innovative technology solutions, Quantum Corporation stands as an undisputed leader in the industry. Quantum Corporation’s Enterprise Key Management technology allows the organization to protect and preserve sensitive information for decades. With Quantum Corporation, organizations can efficiently and securely manage their encrypted data. Also, the storage of cryptographic keys and policies can be carried out effectively throughout the enterprise and critical management lifecycles.
The creator of.ZIP format also introduced a data protection solution known as Smartcrypt, which is a solution to data discovery and encryption key management. Along with serving its data encryption solutions, the company continues to expand its.ZIP file format standard by introducing ZIP Reader–a ZIP file reader, PKZIP–reduces the file size or used to decompress files, and SecureZIP–compress and encrypt files, emails, and attachments.