Subscribe for Free Weekly Stock Analysis
Beth's analysis helps drive decisions for a top-performing tech portfolio.
IoT Medical Devices: Our Scariest Security Threat Yet
February 01, 2018
Beth Kindig
Lead Tech Analyst
IoT medical devices may be our scariest security threat yet. Implanted devices such as pacemakers draw big headlines for security threats. However, there are 36,000 other health-care related devices in the United States that are discoverable on the connected device search engine Shodan – which doesn’t even take into account the global level of unprotected devices (source: Wired).
In fact, U.S. hospitals have an average of ten to 15 connected IoT medical devices per bed with some hospitals registering 5,000 beds (or 50,000 connected devices). Therefore, the magnitude of the risks associated with these medical IoT devices is a gripping proposition.
Most hacks will not be a life or death situation, although a few exposed vulnerabilities could be potentially fatal, such as with Johnson & Johnson’s insulin pumps, which could potentially administer a fatal dose of insulin, or the Animas OneTouch Ping with a vulnerable wireless controller. The most common hack is for medical records, which can be sold on a Dark Web aftermarket with a value of $500 per Medicare or Medicaid record [2] . As The Hill reports, tens of millions of electronic health records have been compromised over the last few years, whereas there has not been a single implant device death or documented patient harm, according to Zach Rothstein, associated vice president of the Advanced Medical Technology Association. In 2015 over 113 million personal health records were compromised, up 9x from 2014, according to the Department of Health and Human Services (DHS).
While medical record theft and device hacks are well documented, there are many reasons hackers target the vast array of medical devices on the market. Ransomware is the practice of taking over a mobile app until a ransom is paid. A similar exploit can be performed on hospitals by entering a weak point, such as unsecured wireless connections, to access the system and take it over for a ransom. For instance, the Los Angeles Hollywood Medical Center had to pay hackers $17,000 to regain control of critical computer systems [3] . A similar attack also occurred in Mount Pleasant, Texas, where a hospital had its core electronic medical system knocked offline until a ransom was paid. According to those in the security industry, while ransomware attacks are prevalent, they are rarely made public for a variety of reasons.
Other reasons hacks that can occur include changing medical records for allergies or diagnoses. There is at least one case where medical devices were hacked to disseminate information and change stock prices, such as with Muddy Waters, a short selling firm that hired a boutique cybersecurity firm to conduct test attacks on a St. Jude’s pacemaker from 10 feet (3 meters) away, but up to 100 feet with an antenna and software defined radio, according to Reuters.
Medical devices extend beyond healthcare facilities and now overlap with mobile apps, as well. Last year, the Medicines and Healthcare products Regulatory Agency (MHRA) has issued updated guidance today to help identify health apps that are medical devices – and how to secure these mobile vulnerabilities. The apps that are of concern gather data from either the person or a diagnostic device, collecting information such as heartbeat or blood glucose levels, and then interpret the data to make a diagnosis, or to recommend treatment4 . As the MRHA director of medical devices says, “We live in an increasingly digital world, both healthcare professionals, patients and the public use software and stand-alone apps to aid diagnosis and monitor health.” There are also many apps connected to medical devices, providing another entry point for hackers.
“Mobile apps are unleashing amazing creativity,” Bakul Patel said from the FDA’s Center for Devices and Radiological Health. “At the same time, we have set risk-based priorities and are focusing FDA’s oversight on mobile apps that are devices for which safety and effectiveness are critical.”
This article first appeared on Intertrust.com
To learn more on how to protect IoT Medical Devices and how Intertrust drives advancements in healthcare with secure data collaborations, data privacy and security, contact sales@whitecryption.com
SOURCES:
[1] WIRED, Medical Devices Next Security Nightmare
[2] NextGov, This Is the Real Threat Posed by Hacked Medical Devices at VA
[3] NYTimes, Los Angeles Hackers Pay $17,000 After Attack
Get a bonus for subscription!
Subscribe to our free weekly stock
analysis and receive the "AI Stock: 5
Things Nobody is Telling you" brochure
for free.
More To Explore
Newsletter
Historic Market Uncertainty Meets $7 Trillion Debt Wall: What Comes Next for the S&P 500
We are seeing mounting evidence that this bounce may be the start of a new push to all-time highs, such as improved breadth, better than expected earnings plus the size of this bounce. However, one ca
Nvidia Stock Faces a Choppy Q2, But Tailwinds Build for H2 Acceleration
Nvidia’s streak of blockbuster earnings has turned investor expectations into a high-stakes game— anything short of perfection risks disappointment. As the company gears up to report fiscal Q1 results
Microsoft Stock Surges After Q3 2025 Earnings: What Separates Azure from AWS, Google Cloud
Microsoft stock jumped after Q3 2025 earnings as Azure emerged as the only major cloud platform to accelerate growth this quarter — a rare feat amid macro pressures. Azure’s 35% constant currency grow
Why Bitcoin’s Bull Run May Be Nearing a Top Despite Pro-Crypto Tailwinds
Since calling the Bitcoin bottom near $16,000 in late 2022, the I/O Fund has maintained a disciplined, contrarian approach — issuing 13 buy alerts before Bitcoin surged above $100,000. Now, signs sugg
2025 Market Outlook: Why Stocks and Bonds Are Signaling More Volatility
As the S&P 500 reaches a key bounce target, troubling signs in bonds and consumer behavior suggest this market rally may be on thin ice. I/O Fund’s Knox Ridley explains why volatility may intensify an
The Impact of Tariffs on the Stock Market: Q1 Preview
Rising tariffs are injecting significant uncertainty into the stock market, triggering daily volatility and forcing analysts to revise earnings estimates. Our Q1 preview dives into the potential impac
Tesla Stock Faces Recalibration of Growth Expectations
Tesla’s stock is now facing a recalibration of expectations after Q1’s delivery report missed by a wide margin. Q1’s analyst consensus has gone from $25.98B at the start of the year to $23.97B in earl
The Fed Can’t Save This One: Why Bonds May Break the Stock Market in 2025
In early 2025, as markets rallied to new highs, we warned that divergence across key sectors signaled a looming correction. Now, with all major indexes in a technical bear market and bond market dysfu
Oracle Stock Outlook: Revenue Could Double by FY2029, yet Targets Seem Lofty
Late in 2024, Oracle outlined an ambitious plan to nearly double its revenue by fiscal 2029, hinging on long-term growth in enterprise AI and cloud spending. Oracle sets itself apart from its hypersca
I/O Fund Reports 210% Cumulative Return -- Ranking Above Wall Street's Best
In 2024, I/O Fund posted a 35% return, significantly outperforming popular tech ETFs, which recorded an 8% return over the same period. On a cumulative basis, the results translate to a remarkable 219