Monthly Archives: November 2013

The Past, Present, and Future of Electronic Health Records Regulations

It’s an understatement to say that the invention of the Internet has been one of the most important developments in history. With the advent of this revolutionary technology, individuals are no longer limited in their citizenship – i.e., just members of a village, town, city, or country. Rather, they can choose to be a part of a worldwide cyber-community. This global interconnectivity allows us to communicate with our friends, family, and colleagues across the globe in milliseconds. It propels business growth and development throughout the world, and it has even served as the catalyst for sweeping political change. However, along …

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Phishing Scam Hooks South Carolina Department of Revenue: No One Is Immune

If you’ve ever thought that your organization is invulnerable to cyber-attack, think again. The sheer volume of cyberattacks should convince you otherwise. But it’s also obvious that all organizations, in every industry, have been subject to attack. Even government tax authorities. For instance, in November 2012, South Carolina’s Department of Revenue was hit with one of the worst cyberattacks against a state government in U.S. history. This cyberattack led to 3.8 million tax returns, social security numbers, and other information being stolen by a single international hacker. Notably, this attack was the result of one of the most common cyber-hacker …

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The Rising Cost of Cybercrime

According to a Ponemon Institute study released October 2013 titled 2013 Cost of Cyber Crime Study: United States, the costs associated with cybercrime are increasing dramatically. The study, sponsored by HP Enterprise Security, gathered and reviewed data, across a range of industries, from 60 companies with more than 1,000 employees directly connected to the Internet. The data indicates that the average annualized cost borne by these companies due to cybercrime was $11.6 million. This represents a 26% increase from the previous year’s $8.9 million figure. The rise in costs is directly attributable to the increase of cybercrimes. The surveyed companies …

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