In January 2025, the U.S. Department of Health and Human Services (HHS) introduced proposed updates to the HIPAA Security Rule, aiming to close security gaps and strengthen protections for electronic protected health information (ePHI). These changes come in response to an alarming rise in cyberattacks in the healthcare sector, where ransomware and data breaches have affected millions of patients and cost the industry billions of dollars.
Topics: Cybersecurity, HIPAA, Data Breach, Information Security, Data Security, Data Protection, healthcare, Passwords, Risk Assessment, Ransomware, MFA, Compliance, Policies & Procedures
With so much of the world's business taking place online, cybersecurity threats have become increasingly prevalent. Cyberattacks cost companies millions of dollars a year, and not every business can recover from an incident like a data breach or ransomware hoax. A cybersecurity risk assessment evaluates how potential weaknesses could impact your organization.
Topics: Cybersecurity, Network Security, Risk Assessment
In 1999, Congress passed the Gramm-Leach-Bliley Act, which requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data.[1] The Act mandated the passage of the Safeguards Rule, which was promulgated by the Federal Trade Commission (FTC) in May 2002 and made effective May 2003.[2] In 2019, the FTC began working on amendments to the Safeguards Rule, and on December 9, 2021, the FTC finalized these amendments.[3] Depending on the classification of their financial institution, clients will need to understand the following rule changes and properly abide by the new FTC regulations.
Topics: Cybersecurity, Penetration Testing, Risk Assessment, Banking, Financial Institutions
As online and at-home banking options become more accessible, more online activity increases the risk of theft. Since 2021, IBM reported that the average cost of a breach rose from $4.24 million to $4.35 million.
Topics: Cybersecurity, Incident Response, SIEM, Risk Assessment, Banking, Escape Game