Identity Matters - July 2023

The future keeps accelerating; don’t get left behind. The IAM train is leaving the station and you don’t want to miss it, so keep current and keen to this month’s identity and access management (IAM) developments. Because Identity Matters.

Industry Highlights

Data for 11 Million Patients Stolen in Breach of HCA Healthcare

Reliance upon hardware is no substitute for intelligent investment in identity solutions. HCA Healthcare has reported a data breach of more than 11 million clients resulting from an unsecured external storage device, resulting in extensive patient information being compromised. Read on for the full details.

Costs of Health Care Data Breaches Continue to Soar: Report

The case for more robust IAM in healthcare is getting stronger every week. According to a new report from IBM Security, the average cost of a healthcare data breach has risen to $10.93 million, more than double the global average of all industries. Learn how an ongoing talent shortage of cybersecurity experts is contributing to the vulnerability of medical enterprises.

Data Breach Costs Hit Record High but Fall for Some

The same IBM report has proven highly informative, providing insights across the full spectrum of industries and their cybersecurity profiles. While the average cost of a breach in the US has ballooned to $9.48 million, countries like Canada, Brazil, and India are seeing a reduction in breach costs, pointing to a greater danger of malicious actions facing US-based enterprises. Read more and learn how automation has saved victims as much as $1.8 million.

The 10 Biggest Data Breaches of 2023 (So Far)

2023 is a little over halfway done yet many enterprises have already suffered substantial breaches. Oregon driver’s license information being exposed and the social security numbers of up to 5.8 million pharmaceutical customers being discovered is just the tip of the iceberg. See the list for yourself and learn how the largest breach of the year affecting 37 million individuals could have been much worse if not for cybersecurity measures in place.

The Growing Impact of Generative AI on Cybersecurity and Identity Theft

How do you protect your data when a fraudster can mimic your voice and face? The exciting field of generative AI tools are being turned to malicious ends by bad actors. At the same time, cybersecurity experts are finding inventive ways to turn those same technologies against hackers. Read the full article and get a picture of how AI is being used by both sides.

Simeio Spotlights

Simeio Presents the 2023 KuppingerCole Leadership Compass Report

Simeio has once again been featured in KuppingerCole’s Analysts AG Leadership Compass. In this edition on Access Governance, Simeio was recognized as an Overall Leader, Product Leader, Innovation Leader, Market Leader, and Market Champion. Be sure to download the full report to get the latest information on cybersecurity trends you don’t want to miss.

Chris Schueler Featured on Business RadioX.

Christopher Schueler?was thrilled to be invited to speak on Business RadioX. This talk alongside business operations expert?Danny Vander Maten, CPA focused on the crucial aspects of leadership, integrity, and responsibility. Learn how to cultivate a deeper relationship with clients and foster fruitful partnerships by listening to their podcast on?Business RadioX? - North Fulton.

Chandra Sekar: Safeguard Against Data Breaches And Uphold HIPAA Compliance With IAM.

Protecting patient data is paramount in healthcare, yet too few medical organizations are adequately prioritizing cybersecurity.?Chandra Sekar?explains how IAM solutions safeguard medical providers against data breaches while also ensuring compliance with HIPAA compliance in?Healthcare Business Today. Be sure to go read the full article and get up to date on how healthcare providers can protect their client’s information.