CyberMDX gets $10 million investment for medical device security
As hospitals continue to face cybersecurity issues stemming from vulnerable networks and medical gear, investors are throwing money at companies focused on defending them from hackers. CyberMDX, a New York-based medical cybersecurity startup, announced on Tuesday that it raised $10 million in Series A funding, led by led by Pitango Venture Capital with participation from OurCrowd Qure. The company’s product, MDefend, provides companies with visibility of the medical devices on their networks and looks out for threats and vulnerabilities associated with them. Recent research shows that health care organizations are flooded with vulnerable, unpatched medical devices, many of which are visible on the open web to hackers. Such conditions are part of what made the WannaCry ransomware attack in 2017 so widespread. The virus slowed hospitals globally to a crawl because hackers locked practitioners out of their devices. “The expedited growth of connected medical devices poses exceptional challenges for hospital […]
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