RSS Feed Source: MIT Technology Review
At a regional hospital, a cardiac patient’s lab results sit behind layers of encryption, accessible to his surgeon but shielded from those without strictly need-to-know status. Across the street at a credit union, a small business owner anxiously awaits the all-clear for a wire transfer, unaware that fraud detection systems have flagged it for further review.
Such scenarios illustrate how companies in regulated industries juggle competing directives: Move data and process transactions quickly enough to save lives and support livelihoods, but carefully enough to maintain ironclad security and satisfy regulatory scrutiny.
Organizations subject to such oversight walk a fine line every day. And recently, a number of curveballs have thrown off that hard-won equilibrium. Agencies are ramping up oversight thanks to escalating data privacy concerns; insurers are tightening underwriting and requiring controls like MFA and privileged-access governance as
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