The Federal Reserve's FedNow Service will launch in July this year. Many banks, including community banks, will be able to leverage FedNow as an instant payment platform. How can these banks prepare for faster payments, and what security controls should they consider adding?
Healthcare entities need to think more strategically about managing risk by implementing a robust cybersecurity framework such as the National Institute of Standards and Technology's CSF, said Bob Bastani, cybersecurity adviser at the Department of Health and Human Services.
A top HIPAA-enforcement priority for regulators is cracking down on entities that disclose patient information to third parties without permission through the use of website tracking codes, says Melanie Fontes Rainer, director of the Department of Health and Human Services' Office for Civil Rights.
House Oversight Committee members on Thursday called for the firing of whoever caused the DC Health Benefit Exchange breach and exposed the personal information of Congress members on a dark web forum. The breached was blamed on "human error" and a server configured with no authentication controls.
Generative AI tools such as ChatGPT will undoubtedly change the way clinicians and healthcare cybersecurity professionals work, but the use of these technologies come with security, privacy and legal concerns, says Lee Kim of the Healthcare Information Management and Systems Society.
Vendors should be more transparent and faster in communicating when they experience a breach or other security incident that affect clients' data, says Anahi Santiago, CISO at ChristianaCare. "Sometimes we find out about these incidents through our third-party monitoring systems," she said.
The FDA's new cybersecurity policy is a "watershed moment" for the industry, says Kevin Fu of Northeastern University. The agency will soon begin rejecting manufacturers' new medical device submissions that lack detailed cybersecurity measures, which will help ensure uniformity, he says.
Effective security governance in a healthcare entity is a balancing act that requires sponsorship by top leadership and careful consideration of the concerns of clinicians and others in the organization, according to Eric Liederman and deputy CISO Steven Frank of Kaiser Permanente.
Healthcare sector entities have a special mix of identity and access management challenges, but other factors, including the shortage of skilled cybersecurity expertise, create even more obstacles, says Dave Summitt, vice president, cybersecurity, at Florida Cancer Specialists & Research Institute.
Healthcare entities of all types and sizes could be the next targets of major cybersecurity attacks, said Nitin Natarajan, deputy director of the Cybersecurity and Infrastructure Security Agency. Healthcare firms need to be vigilant against ransomware, DDoS and medical device breaches, he said.
New resources released Monday from a high-profile federal advisory group provide insights into the state of healthcare sector preparedness and best practices for dealing with evolving cyberthreats, according to Erik Decker, CISO of Intermountain Healthcare and co-chair of the task force.
A new Food and Drug Administration policy to "refuse to accept" premarket submissions for new medical devices if they lack of cybersecurity details will help substantially improve the state of legacy devices in the future, said the FDA's Dr. Suzanne Schwartz. Here's a look at the new requirements.
Italy's suspension of ChatGPT is part of a "wider campaign in Italy" to regulate the use of AI applications, said attorney Jonathan Armstrong of Cordery Compliance, who added that transparency, usage and the protection of intellectual property are major concerns with the new generative AI tool.
Most healthcare organizations allocate 6% or less of their information technology budget for cybersecurity, putting them at a disadvantage in their security defenses and for competitive hiring, according to a recent survey by the Healthcare Information Management Systems Society.
This report examines the financial services industry's involvement in open source, identifying:
The current state of governance, leadership, consumption, contribution, and culture
The obstacles and challenges to industry-wide collaboration
Actionable insights for improving the state of open source in financial...
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