Firms scramble to meet SEC's cybersecurity regulations as mishandling PII may lead to catastrophic losses. Privacy claims take years to process though they are as disastrous as a ransomware attack. Corporations also face pixel-tracking claims due to lack of proper website activity consent. Anderson highlights that insurance payouts for privacy claims are not large, as insurers accrue interest from escrow funds during claim negotiations. Enterprises need better data elimination to avoid regulatory violations. Despite compliance with state laws and having cyber insurance, companies are not fully protected from potential litigation and fines for non-compliance with privacy laws. Firms recommended to use cyber insurer assistance to remain compliant and ensure their policies are effective.

Privacy Beats Ransomware as Top Insurance Concern Dark Reading

CIOs worry about costlier software bundles due to IT vendors favoring bigger sales strategies. Recent Broadcom acquisition, VMware, shifted from 160 individual products to two bundled offerings, asserting better value due to more included features. However, CIOs argue the higher prices for unwanted additional features impractical. Many call for flexible, modular, menu-style offerings akin to cloud sales, stressing that most companies won't utilize the full software bundle. New vendors, preferably smaller companies, are advised for lower, more bespoke pricing models.

Isabelle Bousquette on The problem of Software bundling. LinkedIn

Walmart curbs health costs, directing 1.6 million employees to Centers of Excellence, high-quality care providers. Program covers travel, treatment costs; works with predefined, contracted providers. Employers reimbursed via bundled payments. Plans include referral to 18 health systems/providers in 2024.

The 18 health systems Walmart sends its employees to for care in 2024 Beckers Hospital Review

Security flaws in ConnectWise's ScreenConnect app were used in a LockBit malware attack, causing slowdowns at UnitedHealth's Change Healthcare pharmacies. ConnectWise denies a direct connection between the incident and vulnerability. The attack, linked to a suspected nation-state, could put patient data at risk and cause widespread operational disruptions. The attack highlights the importance of cybersecurity audits in healthcare mergers and acquisitions.

Cyberattack on Change Healthcare was an exploit of the ConnectWise flaw SC Magazine

Firms scramble to meet SEC's cybersecurity regulations as mishandling PII may lead to catastrophic losses. Privacy claims take years to process though they are as disastrous as a ransomware attack. Corporations also face pixel-tracking claims due to lack of proper website activity consent. Anderson highlights that insurance payouts for privacy claims are not large, as insurers accrue interest from escrow funds during claim negotiations. Enterprises need better data elimination to avoid regulatory violations. Despite compliance with state laws and having cyber insurance, companies are not fully protected from potential litigation and fines for non-compliance with privacy laws. Firms recommended to use cyber insurer assistance to remain compliant and ensure their policies are effective.

Privacy Beats Ransomware as Top Insurance Concern Dark Reading

CIOs worry about costlier software bundles due to IT vendors favoring bigger sales strategies. Recent Broadcom acquisition, VMware, shifted from 160 individual products to two bundled offerings, asserting better value due to more included features. However, CIOs argue the higher prices for unwanted additional features impractical. Many call for flexible, modular, menu-style offerings akin to cloud sales, stressing that most companies won't utilize the full software bundle. New vendors, preferably smaller companies, are advised for lower, more bespoke pricing models.

Isabelle Bousquette on The problem of Software bundling. LinkedIn

Walmart curbs health costs, directing 1.6 million employees to Centers of Excellence, high-quality care providers. Program covers travel, treatment costs; works with predefined, contracted providers. Employers reimbursed via bundled payments. Plans include referral to 18 health systems/providers in 2024.

The 18 health systems Walmart sends its employees to for care in 2024 Beckers Hospital Review

Security flaws in ConnectWise's ScreenConnect app were used in a LockBit malware attack, causing slowdowns at UnitedHealth's Change Healthcare pharmacies. ConnectWise denies a direct connection between the incident and vulnerability. The attack, linked to a suspected nation-state, could put patient data at risk and cause widespread operational disruptions. The attack highlights the importance of cybersecurity audits in healthcare mergers and acquisitions.

Cyberattack on Change Healthcare was an exploit of the ConnectWise flaw SC Magazine