HEALTHCARE BIOMETRICS MARKET ANALYSIS
Global Healthcare Biometrics Market: Restraints
Rising cybercrime targeting medical data and services has restrained the growth of the global healthcare biometrics market. Due to valuable data, medical records command higher prices on the dark web, making them a top target for criminals. The CBS News, a U.S.-based television and radio service, patient records can sell for up to US$1,000 each.
For instance, in 2019, according to the reports published in Healthcare Data Breach Report, published by HIPAA Journal, more healthcare records were breached in 2019 than in the six years from 2009 to 2014, and that was before COVID-19 drove increased demand for telehealth and remote access.
Moreover, using biometrics in healthcare offers a way to access sensitive information using something that cannot be lost, stolen, shared, or forgotten. People face many challenges remembering the password. For instance, Users have too many to remember, forgotten passwords are reset using weak “secret questions” and knowledge-based authentication methods that are simple for social engineers to hack. Users sacrifice security for convenience and Compromised credentials are for sale on the dark web.
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