My colleague Pat Speer recently reported that the Securities and Exchange Commission (SEC) has issued guidelines laying out the kinds of information companies should disclose regarding cyber events (i.e. cyber-attacks) that could lead to financial losses.
According to Pat’s article, the SEC’s move to issue guidelines came amid concern that investors had difficulty assessing security risks if companies did not disclose such information in their public filings. Of all the vertical markets currently tracking security issues, health care, when it comes to both payers and providers, have a stake in the game—so this is obviously a key concern for insurers. Health insurance exchanges, mandated by President Obama’s health care reforms, may provide fertile ground for possible attacks, say experts, as stakeholders rush to implement. In addition, providers’ use of mobile devices, which often hold confidential patient information, is another concern.
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