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New Guidelines Issued by FDA for Medical Devices Cybersecurity

USA: Food and Drug Administration(FDA) has issued the final guidelines on protecting medical devices like insulin pumps, defibrillators and pacemakers from cyberattacks. FDA wants medical device manufacturers to increase their cybersecurity measures to monitor and detect possible vulnerabilities into the products they manufacture.     

The agency also wants them to work with cybersecurity researchers to receive information about potential threats from cyberattacks to their products. FDA also want Companies to assess the risk from the devices to the patients in case of any cyberattacks. If in case of any exploitable flaws with the devices, the company needs to issue software patches to fix the problem caused by Cyberattacks.

TechSci Research depicts this guidance, will increase cybersecurity measures in medical device manufacturing companies and will also decrease the vulnerabilities for cyber threat in medical devices. Further, with growing technological advancements and usage, cybersecurity industry will grow significantly all across the globe. 

According to the recent report published by TechSci Research, Global Cyber Security Market By Security Type (Network Security, Content Security, etc.), By Solutions (Identity & Access Management, Risk & Compliance Management, etc.), By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021”, global market for cyber security is projected to surpass US$ 137 billion by 2021. Growing trend of Bring Your Own Device (BYOD), rising adoption of cloud computing, expanding market for Internet of Things (IoT) are expected to continue driving the cyber security market across the globe over the next five years. Though the global cyber security market is highly fragmented, Symantec Corporation emerged as the largest player in 2015, followed by BAE Systems PLC, Intel Corporation and Cisco Systems. Banking, Financial Services and Insurance (BFSI); IT & Telecom; defense; energy & power; retail; and healthcare have emerged as the key application areas where cyber security solutions are being increasingly adopted

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