According to IBM’s latest annual Cost of a Data Breach study, the average data breach now costs up to $3.92 million when you take into account notification costs, expenses associated with investigation, damage control, and repairs, as well as regulatory fines and lawsuits. These costs have increased by 12% over the past five years.
The long-term damage of a security incident may not be so apparent. Wall Street does not look upon them kindly and the public disclosure of a data breach can lead to the average share price of a company falling by 7.27% on disclosure, with low share value and growth underperformance a reality for years afterward. READ MORE
If partners in your supply chain have access or information on your data or your network, their risk is your risk.
"If you have ten partners, as part of your risk management process, you do want to know if bad things happen to them." READ MORE
Centene Corporation (NYSE: CNC) ("Centene") and CVS Health (NYSE: CVS) announced today that, in connection with the previously announced merger agreement between Centene and WellCare Health Plans, Inc. (NYSE: WCG), Centene has entered into a definitive agreement under which CVS Health will acquire Centene's Illinois health plan subsidiary, IlliniCare Health Plan, Inc. ("IlliniCare"). The transaction entails the sale of Centene's Medicaid and Medicare Advantage lines of business in Illinois. READ MORE