According to several leading players, the cyber insurance industry is in the midst of a “crisis moment.” This has largely been driven by the rapidly growing prominence and sophistication of ransomware attacks over the last 12-18 months. While it’s by no means a new type of attack, the disruption caused by ransomware to individuals and organizations around the world reached new levels in 2021.
If you’re not a professional actively working in the healthcare industry, you probably don’t realize how important medical records are — or how dangerously unreliable they can be. According to Black Book Research covered in Becker's Hospital Review (registration required), "The average cost of repeated medical care due to inaccurate patient identification with a duplicate record, for example, is roughly $1,950 per inpatient stay." That's a pretty high number — but duplicate medical records also mean your provider receives incomplete or inaccurate medical information about you.
Choosing where to play is the CEO’s big bet. He or she must lead the strategic direction of the company by examining the business environment, organizational history and recent results. Omar Hussain took the bet.
Headquartered in California, Forward Advantage, through its im-one initiative, provides identity management solutions to the healthcare industry. We bring together a unique combination of identity management technologies and professional services, offering healthcare organizations with improved information security while increasing convenience for their clinicians to access their information systems.
Networks in the cloud
It is easy to start a virtual computer these days in a cloud datacenter managed by Amazon AWS or Microsoft Azure. It is also easy to start a second and a third one and then plan to build a virtual network. This network can grow and shrink, get updated and upgraded following the needs of the organization even outgrowing old good on-premises datacenter.