Moody’s finds health sector increasingly focused on cybersecurity budgets, staffing

The health sector is making significant investments in cybersecurity from a budgeting and staffing standpoint, according to a report from Moody’s Ratings.

“As cyberattacks become more sophisticated, continued investments will be needed to thwart hackers and mitigate the impact of successful attacks,” the ratings firm says in an April 24 report.

Moody’s says, “Cyber spending as a share of IT reached 7% in 2023 up from 5% in 2019, while cyber headcount is up by 30%.”

The report is...