According to data from HHS’ Office of Civil Rights (OCR), healthcare data breaches in 2017 are set to outpace those from 2016. Security experts have determined this increase is due to two factors: getting entry into a system has become easier, and organizations are now more inclined to report breaches. Yet despite the increase in data breaches and the costs of settling with HHS OCR, a majority of healthcare organizations are still only spending 1-6% of their budgets on cybersecurity measures.
Last month Josh Rosen, a junior at UCLA who plays quarterback, was quoted by a national sports news website saying, “Football and school don’t go together.” Within hours UCLA’s coach and Stanford’s coach each tried to paint the young man as unenlightened.
Research shows that Rosen is more correct than the coaches admit, but that’s only part of the story. What’s news is that a twenty-year-old—not a university trustee or president, not a U. S. District Court judge or an antitrust lawyer—put his finger on a regulatory reality that higher education may not be able to ignore for much longer.
In September 2017, United States economic markets implemented swap-regulating rules to reduce risk to U.S. investment firms. Signed into law in 2016, this regulation curbs the risk associated with swap derivatives in the United States. The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Financial Conduct Authority, and the Federal Housing Finance Agency (the “Agencies”), constructed a joint rule requiring taxpayer-insured banks and financial institutions to collect greater collateral and provide greater transparency when involved in swap derivative agreements.