Y Combinator graduate MedCrypt has secured $5.3m in a funding round led by Section 32 and featuring existing investors Eniac Ventures and Y Combinator. MedCrypt is developing cybersecurity tools to make health care devices secure by design as growing numbers of IoT medical hardware come to market. A report by CynergisTek revealed the U.S. health care industry was 72% compliant with the HIPAA Security Rule for protecting patient data, while in 2018 more than six million patient records were exposed in cyber attacks, according to Health IT Security.
Y Combinator graduate MedCrypt has secured $5.3m in a funding round led by Section 32 and featuring existing investors Eniac Ventures and Y Combinator. MedCrypt is developing cybersecurity tools to make health care devices secure by design as growing numbers of IoT medical hardware come to market. A report by CynergisTek revealed the US health care industry was 72% compliant with the HIPAA Security Rule for protecting patient data, while in 2018 more than six million patient records were exposed in cyber attacks, according to Health IT Security.