Introducing the Product Security Intelligence Platform (PSIP): A Smarter Way to Benchmark, Quantify, and Improve Medical Device Cybersecurity

Introducing the Product Security Intelligence Platform (PSIP): A Smarter Way to Benchmark, Quantify, and Improve Medical Device Cybersecurity

Cybersecurity in healthcare is becoming a business imperative. Medical device manufacturers (MDMs) are under pressure from all sides - regulators, hospital buyers, and even patients - to prove their products are secure. 

The problem? It’s not always easy to answer questions like:

• Are your security lifecycle processes comprehensive and mature or are there gaps that need to be identified and remediated?
• Where do our products stand on security right now?
• What’s our biggest risk -  and what would it cost us if we ignored it?

That’s where Medcrypt’s Product Security Intelligence Platform (PSIP) comes in. We designed it to give you a clear, evidence based picture of your product security - without bogging down your teams. 

The Problem: Too Much at Stake, Not Enough Insight

Traditional security assessments are often time-consuming, highly technical, narrowly focused on one standard or framework, and difficult for non-technical stakeholders to interpret. Executives are left with dense reports, but no clear way to:

• Quantify security maturity across security processes and different products/portfolios.
• Compare their risk exposure against industry peers.
• Link identified security gaps to potential financial exposure.
• Prioritize investments for the greatest return.

Without a straightforward, evidence-based view, security planning often stays reactive - triggered by incidents or regulatory pressure - rather than strategic.

The PSIP Approach: Fast, Focused, and Actionable

We keep it simple. Product teams answer 30 focused questions about their processes and technology. It’s quick, it’s lightweight, and it’s designed to avoid overloading already busy teams - without the burden of a full-scale audit.

The result? A baseline maturity snapshot for each product, covering 10 critical security categories - so you can see:

• How mature your security processes are and which areas require attention
• How each product stacks up internally.
• How you compare to industry guidelines and anonymized peer data.
• Which risks carry the biggest price tags if left unresolved.

What You Get: Data that Drives Decisions

PSIP transforms answers into:

• Clear, visual comparisons to assess and compare across teams.
• A financial risk model to put dollar values on your biggest gaps.
• A way to set goals, track progress, and show security ROI over time.
• Solid talking points for customer conversations that build trust.

What PSIP is Not

PSIP is not a replacement for comprehensive, framework-specific assessments. Think of it as the first, fastest step - a way to zero in on problem areas before you invest in deeper and more granular assessments. In other words, it helps you know where to focus your time, budget, and resources before committing to exhaustive evaluation and implementing changes.

Why It Matters

Regulatory expectations are only getting tougher. Hospitals are asking harder questions. And the cost of security miss can be huge. PSIP gives you a straightforward, repeatable way to measure, compare, and improve your security posture -  so you can make smart decisions, stay ahead of compliance, and win buyer confidence.

Ready to see your product security intelligence in action?
Contact us to schedule a PSIP assessment.