As the Department of Health and Human Services works on a proposed update to the HIPAA Security Rule this year, regulators are also ratcheting up enforcement efforts - including resuming long-dormant HITECH Act HIPAA audits, said Melanie Fontes Rainer, director of HHS' Office for Civil Rights.
As the volume of major health data breaches rises, the federal agency charged with investigating those incidents told Congress this week that it lacks the needed funding to keep up with its mounting workload. The agency also separately announced its second ransomware HIPAA breach settlement.
In the latest weekly update, four ISMG editors discussed the relatively low profile of cyberwarfare in recent international conflicts, the potential revival of a dormant HIPAA compliance audit program and the security implications of sovereign AI development.
Legacy DLP is broken due to excess complexity, extended time to value and misalignment with security and business goals, said Next's Chris Denbigh-White. Addressing insider threats in a meaningful way is one of the biggest data protection challenges for organizations, he said.
While financial fraud has been prevalent for years, businesses still struggle to find it among large pools of data. In this second installment on accounting fraud, a panel of experts discussed the challenges including a lack of resources, skills and tools to identify fraud.
Online sports retailer Sports Warehouse has agreed overhaul its security program and pay a $300,000 fine to New York State after hackers stole 20 years' worth of payment card data and customer information the company was storing in plaintext on its e-commerce server.
Darktrace has brought in Ernst & Young to review the cybersecurity AI vendor's financial process and controls following bombshell allegations from short seller Quintessential Capital Management. The review comes weeks after QCM claimed that Darktrace overstated its sales, margins and growth rates.
Unifying decision-making about privacy, security, ethics and governance poses a huge challenge from a regulatory and operational perspective, says OneTrust CEO Kabir Barday. OneTrust has created a network of 900 lawyers across 300 jurisdictions that feed intelligence into the company's platform.
Embattled social media platform Twitter lost its chiefs of security, privacy and compliance, and the resignations put the company and its new owner, Elon Musk, at greater risk of regulatory enforcement. The company signed a binding two-decade agreement with the U.S. Federal Trade Commission in May.
The chief executive of alcohol delivery app Drizly is set to come under a decadelong requirement imposed by the U.S. Federal Trade Commission to ensure whatever company he oversees has an information security program. A hacker stole customer records of 2.5 million individuals from Drizly in 2020.
Twitter security exec-turned-whistleblower Peiter Zatko today listed alleged security and privacy shortcomings of the social media company for a Senate panel. "It's not farfetched to say that an employee inside the company could take over the accounts of all of the senators in this room," he said.
The national network for connecting medical centers with donated human organs faces doubts about its ability to secure data amid concerns about its IT infrastructure. A federal watchdog has reviewed the Health Resources and Services Administration and United Network of Organ Sharing.
Tenable wants to help the cybersecurity industry move away from traditional vulnerability management focused on giving customers a list of vulnerabilities. Instead, CEO Amit Yoran wants to help customers understand their exposure and how they can effectively manage and reduce risk.
Supply chain risk must be part of an enterprisewide risk management program framework, says information security manager Matt Marciniak of financial service firm Quantile. Reducing risk requires an agile approach to supplier management, he says.
Wendy Nather, head of advisory CISOs at Cisco, recently teamed up with researcher Wade Baker to investigate cybersecurity metrics and determine how to make a cybersecurity program measurably more successful. She shares some of her more surprising findings.
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