The economic downturn has laid bare just how much of a disaster special purpose acquisition companies have been for the cyber industry. Despite this, confidential computing security vendor Hub decided to try its luck with a SPAC. So far, Hub's time on the Nasdaq Stock Exchange hasn't gone well.
The Department of Health and Human Services and the Health Sector Coordinating Council on Wednesday published an updated toolkit that aims to help healthcare entities align security programs with the National Institute of Standards and Technology's Cybersecurity Framework.
Privacy concerns involving the tracking, collection and disclosure of sensitive health data of consumers - without their knowledge or consent - remain top enforcement priorities for federal regulators, as well as top legislative fodder for some members of Congress.
Here's further proof many cybercriminals are rampant self-promoters: Credit card market BidenCash, which sells compromised payment card data, dumped 2 million payment cards for free. This shows that competition between carder markets - and increasingly, Telegram-based vendors - is fierce.
The Biden administration's national cybersecurity strategy emphasizes bolstering critical infrastructure sector protections, including setting minimum security requirements and enhancing collaboration. But observers says the industry needs more resources and a better security posture to comply.
A case before the U.S. Supreme Court may limit federal prosecutors' ability to bring charges of aggravated identity theft. A Texas man convicted of overbilling Medicaid argued Monday he's not also guilty of identity theft since he had a patient's permission to submit the bill.
With the U.S. COVID-19 public health emergency expected to end in May, the government is set to scrutinize telehealth providers for HIPAA violations. That’s why healthcare firms should review their telehealth platforms and vendors, says privacy attorney Adam Greene of Davis Wright Tremaine.
Five proposed class action lawsuits have been filed so far in the wake of a California medical group's Feb. 1 report of a ransomware attack last December affecting more than 3.3 million individuals. The incident is the largest health data breach reported to federal regulators so far this year.
The cybersecurity industry experienced a dramatic drop-off in funding, stock prices and M&A activity as the economic downturn took hold in late 2022. Venture capital financing tumbled to $18.5 billion in 2022, 39% lower than the record-breaking $30.4 billion invested in 2021, Momentum Cyber found.
India and Singapore made it easier and cheaper for their citizens to send and receive money through the integration of UPI and PayNow, but could this move lead to a rise in cross-border online payment scams? Reports of UPI-related fraud surged in India in 2022.
Federal regulators are working on proposed rule to modify HIPAA to better safeguard the privacy of reproductive health data. The Biden administration last year already issued guidance about the application of the HIPAA Privacy Rule to information about reproductive health.
The attorneys general of Pennsylvania and Ohio have slapped a DNA testing lab with HIPAA settlements totaling $400,000 in the wake of a 2021 hack of a legacy database that affected 2.1 million individuals nationwide, including nearly 46,000 consumers in the two states.
Healthcare entities and their vendors should be prepared to show evidence to regulators of how they've implemented "recognized security practices," or RSPs, says Robert Booker, chief strategy officer of HITRUST. "You've got to demonstrate that you align with a framework."
Criminals lately have been prioritizing two types of attacks: exploiting Remote Desktop Protocol and penetrating cloud databases. So warns cyber insurer Coalition, based on analyzing in-the-wild attacks seen in 2022 via underwriting and claims data, scans of IP addresses and honeypots.
Federal regulators hit Banner Health, which operates hospitals and other care facilities in multiple states, with a $1.25 million HIPAA settlement in the wake of a 2016 hacking incident that affected nearly 3 million individuals. Banner Health will also implement a corrective action plan.
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