Healthcare industry overlooks risks

The healthcare industry is struggling to secure patient data as it prepares for a major shift to electronic health records, states Market Watch.

According to the '2010 HIMSS analytics report: security of patient data', commissioned by Kroll Fraud Solutions, the number of healthcare organisations that experienced a security breach increased by 6% in 2010.

Brian Lapidus, chief operating officer for Kroll Fraud Solutions, says: "Organisations are so afraid of being labelled noncompliant that they overlook the bigger elephant in the room, the still-present risk and escalating costs associated with a data breach."

Trintech, a global provider of integrated financial governance, risk management and compliance software solutions, has completed the sale of its healthcare division Concuity to the Advisory Board Company, reports Trading Markets.

According to the company, the deal is expected to be worth $34.5 million in cash.

The purchase price is subject to a working capital adjustment, and $6 million has been set aside with $2 million to be released after nine months and the remainder for the end of December next year.

ActionBase and ClusterSeven have created a joint solution that manages, monitors and controls the risks associated with using e-mail and spreadsheets, says Business Wire.

ActionBase has partnered with ClusterSeven, a provider of spreadsheet management solutions, to automate a system aimed at financial institutions that manages the entire spreadsheet life cycle and e-mail processes.

Ralph Baxter, CEO of ClusterSeven, says: “Spreadsheets are connected with the entire fabric of the business, from e-mail to enterprise resource planning. Our joint solution gives users an easy way to manage process risk in their familiar Microsoft Outlook and Excel environments.”