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4 Key Benefits of Implementing Cloud Medical Software in Your Practice

October 18, 2024 Guest Author

small businesses and the cloud with security

Cloud Medical Software: Elevating Data Security and Compliance in Healthcare The digital revolution has seen many healthcare providers increasingly turn to the use of technology in their practices to enhance efficiency and accessibility and offer patients better care. One of the innovations that they have adopted is the cloud medical software which has significantly transformed the way that practices operate. Below are some of the key benefits of implementing cloud medical software in your practice as a healthcare provider: Improved data security and compliance Patient’s private data is extremely sensitive…

Ransomware: To Pay or Not to Pay

August 14, 2024August 13, 2024 David Derigiotis

When one threat actor group is taken down another one appears in its place ready to devastate organizations. The number one cyber threat? Ransomware. By 2031, ransomware will cost victims an annual total of $265 billion. Until recently, the largest ransomware payment was $40 million by CNA Financial to regain control of their systems. Now, Dark Angels—one of the top cyber threat groups to watch—broke the record for the largest ransomware payment by almost double the largest payment at $75 million. With ransomware attacks increasing and becoming more costly, the…

Warren Buffett Reveals the Irresistible Allure of the Insurance Game

August 11, 2024August 11, 2024 Nordstrom

The Insurtech Revolution in an Autonomous World During the May 2024 Berkshire Hathaway annual meeting, Warren Buffett, a titan of the investment world, shared his insights on the insurance industry, describing it as both intriguing and challenging. His reflections illuminate the industry’s timeless appeal and its unique model that thrives on receiving payments upfront while delivering coverage later. Yet, in an era where technological progress is reshaping industries, Buffett’s insights reveal how the insurance sector must adapt to new realities presented by emerging technologies like autonomous vehicles. The Timeless Appeal…

Homeowners Insurance Reimagined: The High-Tech Tools That Could Cancel Your Coverage

July 29, 2024July 28, 2024 Marc

homeowners insurance and drones insurance tools

In-Depth Look at New Trends in Homeowners Insurance In today’s world, protecting your home means more than just locking your doors and installing a security system. Homeowners need to be vigilant about potential hazards not just on their property, but also how those hazards are perceived from above. Increasingly, insurance companies are using satellite imagery and drones to assess properties, identifying risks that might previously have gone unnoticed. Trampolines, debris on roofs, and even decorative ivy can now lead to coverage cancellation, often without warning. Nationwide Phenomenon It’s not just…

Casino Cyber Siege: How MGM and Caesars Attacks Highlight the Power of Cyber Insurance

July 15, 2024July 13, 2024 David Derigiotis

In late 2023, two of the most iconic names in the hospitality industry—MGM Resorts and Caesars Entertainment—fell victim to significant cyberattacks. These breaches underscore the growing threat of cybercrime and highlight a dramatic shift in the digital battleground. Beyond a simple wake-up call for cybersecurity measures, these incidents showcase the pivotal role of cyber insurance in mitigating financial and operational damages and providing a lifeline during the chaos of a cyber crisis. The Attacks: What Happened? MGM Resorts International Russian hacker group, ALPHV, infiltrated MGM’s systems with a crippling ransomware…