Healthcare cybersecurity breaches can be devastating, but there are resources available to help you prevent cybersecurity attacks and develop best practices. Is your healthcare organization using all of the cybersecurity resources at its disposal to prevent a breach?Hospital officials know the importance of preparing for healthcare cybersecurity breaches, not just for HIPAA compliance but also to avoid the costly disruptions and damage that can be caused by cyberattacks.
If you want to understand what’s happening with artificial intelligence (AI) and cybersecurity, look no further than this week’s news.
On Monday, Palo Alto Networks introduced Magnifier, a behavioral analytics solution that uses structured and unstructured machine learning to model network behavior and improve threat detection. Additionally, Google’s parent company, Alphabet, announced Chronicle, a cybersecurity intelligence platform that throws massive amounts of storage, processing power, and advanced analytics at cybersecurity data to accelerate the search and discovery of needles in a rapidly growing haystack.
The cybersecurity market is expected to ring up sales of $1 trillion cumulatively between 2017 and 2021. In 2017, more than 200 cybersecurity startups received venture funding. With a flurry of new entrants looking to grab a slice of the spending, there’s an equal amount of market consolidation.
Over the past year, the cybersecurity market saw more than 200 mergers and acquisitions. The deal flow, tracked quarterly by the Cybersecurity Ventures M&A Report, has been compiled into an annual recap for CSO readers.
Identity theft continues to be a serious issue for individuals and businesses. According to Javelin Research’s 2016 Identity Theft Study, $15 billion was stolen from 13.1 million individuals in 2015 (Al Pascual, Kyle Marchini, and Sarah Miller, “2016 Identity Fraud: Fraud Hits an Inflection Point,” Feb. 2, 2016, http://bit.ly/2fWJgco). For businesses, data breaches can compromise customers, clients, and employees; furthermore, it has been estimated that 90% of data breaches impact small businesses (“Small Businesses: The Cost of a Data Breach is Higher than You Think,” First Data Market Corporation, http://bit.ly/2gQCl1Z). In light of these statistics, it is essential for CPAs to address the financial and tax issues related to individual identity theft as well as compromised business data that can translate into identity theft for customers, clients, and employees.
Rich Campagna is the CEO of Bitglass. He previously served as senior director of product management at F5 Networks. Beneath everyday web traffic, there’s a fierce battle raging for the security of the Internet. On one side are the villains; cyber criminals ranging from thrill-seeking amateurs to nation states. On the other side are the cybersecurity professionals, including researchers and analysts, all of whom seek to protect data.