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In the News

Healthcare Breaches and New Guidance - The CPA Journal

July 16, 2024

**Healthcare Breaches and New Guidance**

The healthcare industry continues to face significant challenges in managing cyber risks, as evidenced by recent data breaches such as the unprecedented cyberattack on Change Healthcare, a subsidiary of UnitedHealth Group. Despite existing regulatory frameworks like HIPAA and ample guidance from entities like HHS-OCR and NIST, healthcare organizations struggle to mitigate cyber threats due to factors such as misdelivery of information, misuse of privileges, and rapidly evolving technology landscapes. Recent guidance, including NIST's updated Resource Guide and HHS's cybersecurity strategy, aims to improve the sector's cybersecurity posture, but concerns remain about the adequacy and implementation of these measures in effectively managing cybersecurity risks.

Healthcare Breaches and New Guidance - The CPA Journal The CPA Journal

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Digital Health: There is No Exit

July 16, 2024

The digital health sector experienced a massive surge in venture funding during the pandemic, fueled by the belief that telehealth would dominate future healthcare delivery. However, despite significant investments, the valuation and profitability of digital health companies have plummeted since 2021, with very few companies achieving profitability. Recent large investment rounds in new health tech ventures, such as K-Health and Headway, raise questions about their potential for profitability and differentiation from existing companies. The sector faces uncertainty as investors continue to pour money into it despite poor market performance and limited profitable exits.

Digital Health: There is No Exit – The Health Care Blog Publication

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Ex-Meta scientists debut gigantic AI protein design model

July 16, 2024

EvolutionaryScale has introduced ESM3, a large protein language model, to design new fluorescent molecules, with applications potentially extending into drug development and sustainability. The company, founded by former Meta scientists, secured $142 million in funding to advance its work. ESM3 was trained on over 2.7 billion protein sequences and has demonstrated its capability by redesigning green fluorescent protein (GFP) variants. Although the model’s open-source version omits sensitive sequences, its extensive computational requirements place full replication beyond the reach of most academic labs. EvolutionaryScale aims to apply ESM3 to diverse scientific challenges, including plastic-eating enzymes and new protein-based drugs.

Ex-Meta scientists debut gigantic AI protein design model Nature

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The Sweeping Danger of the AT&T Phone Records Breach

July 15, 2024

AT&T has disclosed a significant data breach impacting the call and text records of nearly all its customers, affecting around 110 million people. The breach, which occurred between April 14 and 25, 2024, involved attackers exploiting Snowflake cloud accounts to steal massive amounts of metadata, including who contacted whom, call durations, and cell site identification numbers. Although the breach didn't include the content of calls or texts, the stolen data still poses significant privacy risks and could facilitate phishing attacks. The US Cybersecurity and Infrastructure Security Agency has issued an alert, and while law enforcement has made some progress, including apprehending at least one person, the stolen data is already being advertised on cybercrime marketplaces.

The Sweeping Danger of the AT&T Phone Records Breach wired

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Insights by Kate Gamble
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