SideChannel Inc. (SDCH) Bolstering Cybersecurity for Multiple Sectors, Including Hard-Hit Healthcare Industry

March 17, 2023 at 09:05 AM EDT

The healthcare industry has been termed “the most heavily targeted industry for ransomware attacks,” with serious cases increasing from 43 in 2016 to 91 in 2021
According to Sophos, cybersecurity attacks in this industry attracted remediation costs of about $1.85 million in 2021, up from $1.27 million in 2020, with the most common disruptions including downtime, cancellations of scheduled care, and ambulance diversions
SideChannel recognizes this issue, and through its team of vCISOs it offers top-tier cybersecurity programs specific to the healthcare sector, ultimately allowing parties to protect their data and assets while ensuring the smooth running of daily operations
With the growing cases of data breaches worldwide, SideChannel sees a spike in demand for its products and services, and is taking advantage of the growing cybersecurity market, estimated to hit $266.2 billion by 2027

SideChannel (OTCQB: SDCH), a company on a mission to make cybersecurity simple and accessible, is constantly evolving its products and services in response to the rapidly changing cybersecurity environment. This has seen its service offerings expand into a range of industries, including biotech, manufacturing, legal, defense, fintech and others. In particular, healthcare is a sector currently seeing a spike in cybersecurity attacks, and SideChannel is committed to addressing this issue.

A study published by the Journal of the American Medical Association (“JAMA”) in 2022 noted that between 2016 and 2021, the annual number of ransomware attacks more than doubled, from 43 to 91. The report also noted that 44.4% of the cohort disrupted healthcare delivery, with 8.6% leading to…

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SideChannel Inc. (SDCH) Bolstering Cybersecurity for Multiple Sectors, Including Hard-Hit Healthcare Industry