Respiratory care provider Lincare Inc. has signed an $875,000 settlement of a class action lawsuit brought by current and former employees in the wake of a 2017 breach involving a business email compromise scam. The company was previously fined by federal regulators after another breach.
A security breach is always a sensitive topic - but especially so during a merger or acquisition. Ofer Israeli, CEO of Illusive Networks, discusses how deception technology can help prevent disruption by a cyberattack during M&A activity.
There are massive amounts of vulnerabilities that companies deal with on an ongoing basis - not everything is lost though. Organizations that use unpatched software face a race against the clock, with attackers regularly beginning to hammer new vulnerabilities just hours after new fixes or security alerts get released...
Federal regulators plan to craft a new proposal for revamping a HIPAA Privacy Rule provision for "accounting of disclosures" of electronic patient records. Updating that rule was mandated under the HITECH Act, but the modification has been in limbo since 2011.
Researchers at the University of Cambridge, via a myPersonality test on Facebook, reportedly used data from 3 million users to power a spin-off company that delivered targeted advertising services. Facebook says the app is one of 200 that it's suspended for suspicious data handling practices.
Banking and financial services customers today expect friction-free experiences no matter what device they're on, and regardless of whether they're at work, at home, or on the road. To succeed in the new digital era, it's critically important that you deliver seamless, personalized and omnichannel experiences for your...
The Open Banking mandate in the United Kingdom and the second Payment Services Directive (PSD2) regulation in the EU are meant to increase competition and innovation in the financial system. They come into force in early 2018 and will set new standards for banks in the areas of strong customer authentication, secure...
Since mobile banking usage is set to grow exponentially, banks must overcome structural challenges and
reconcile consumers' appetite for ease of use with the desire for greater security.
There are a growing number of fintech startups that have been able to overstep the legacy cost structures
and regulatory...
For over a decade, a crucial part of fraud detection has been assigning an identity to every laptop, tablet, and mobile device that accesses a website or app. Such a fingerprint is a representation of hundreds of different device-specific values taken from an end user's device.
Today's device fingerprinting...
One of the leading mobile-based financial services targeted at millennials approached Simility to help fight fraud. Simility provided an end-to-end solution which included customized models for their specific needs.
Fraudsters were using the company's customer accounts to funnel money via stolen identities. But...
Compliance comes down to behavior. Ask yourself: are your users utilizing protected data sets in an appropriate manner? While most organizations focus on establishing security controls around access, the true test of compliance revolves around visibility into what users do after accessing data.
In the financial...
At its core, compliance for HIPAA is simply about maintaining patient privacy by ensuring your users appropriately access and use patient data. Electronic Health Record (EHR) solutions provide detail around when patient data is accessed.
The challenge, however, is the lack of visibility into what users do with...
Eduard Goodman, global privacy officer of CyberScout, doesn't like the disorganized way most cyber incidents are handled now. Instead, he would like to see a more project management approach. Here are the benefits he foresees.
Although the National Institutes of Health is implementing strong privacy measures as it begins its effort to enroll 1 million volunteers to contribute data to its "All of Us" precision medicine research project, there are still risks involved, says privacy attorney Kirk Nahra.
According to the Cisco 2017 Annual Cybersecurity Report, over one-third of organizations that experienced a breach in 2016 reported substantial customer, opportunity and revenue loss of more than 20 percent.
Investing in good security is a must, but so is spending wisely to ensure you get the maximum impact from...
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