Blockchain Conglomerate Founder: Regulators, Law Enforcement Agents to Go Deeper into ‘Layer 2’ Fraud in 2023

Investment

Claire James

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6 January 2023

Blockchain Conglomerate Founder: Regulators, Law Enforcement Agents to Go Deeper into ‘Layer 2’ Fraud in 2023

It is an understatement to say that crypto firms and exchanges have not fared so well in 2022. The crypto industry has an estimated total of over US$2 trillion in losses in 2022 due to the price of tokens crashing, crypto exchanges and companies collapsing, and regulators enforcing stricter regulations. It is not a wonder that 2023 expert predictions for crypto and blockchain have been grim.

For his 2023 blockchain prediction, philanthropist, billionaire and gambling industry pioneer Calvin Ayre, who is also the founder of CoinGeek and venture capital firm Ayre Group, forecasts a grim 2023 for crypto, but a more hopeful year ahead for blockchain.

According to Ayre, it is to be expected—with the collapse of FTX being the last and greatest domino to fall in 2022—that regulating bodies and law enforcement agencies will focus on creating and implementing stricter regulations. Binance, which is one of the top five largest crypto exchanges, will become a prime target in 2023.

On top of already being the subject of an ongoing investigation by the United States Department of Justice, prosecuting Binance will set a great example that regulators and law enforcement agencies mean business, no matter how big and influential a crypto firm is.

Like Ayre, former Chief of the United States Securities and Exchange Commission (SEC) Office of Internet Enforcement John Reed Stark also foresees “a general crypto-regulatory onslaught will dominate 2023” and that “Binance will collapse.” However, while Stark anticipates that he will most likely end his crypto involvement in 2023 and move on to other things, Ayre has a more optimistic outlook regarding his blockchain advocacy.

“Stark is right in his belief that a regulatory tsunami is about to crash over crypto, but he’s so focused on the ‘layer 1’ fraud that he misses the far more damaging ‘layer 2’ fraud perpetrated by the mainstream payment companies and the Silicon Valley tech-bros who support them. Only when this fraud is exposed and mitigated will the true promise of the Bitcoin white paper be realized,” Ayre stated.

Ayre details that layer 1 fraud is actually the ones that the likes of the Celsius Network, Forsage and FTX have perpetrated, while layer 2 fraud deals with the deeper manipulation by business giants of the technological foundation of crypto, which is blockchain.

“This larger fraud threatens to hold back progress in the form of Web3 projects that will allow individuals to wrest control of their online data from today’s Web2 giants and the payment infrastructure that supports them,” Ayre explained.

A scalable blockchain can surpass credit card networks in efficiency, transaction capacity and fees. Furthermore, recording data on a public immutable ledger where all transactions can be tracked and traced actually gives various government agencies a veritable treasure trove of evidence against bad actors.

But it seems that this is not something that major players within the crypto and financial spaces want. Why? Aside from rendering obsolete Web2 technology that most of these giants use to make money, these major players, like the credit card duopoly VISA and Mastercard, could not tolerate “a low-fee payment rival that promised serious benefits for both merchants and customers.”

So, while Stark was utterly pessimistic when it comes to his personal engagement in the crypto and blockchain space in 2023, Ayre ends his 2023 blockchain prediction on a more optimistic note. As he predicts that regulators and law enforcement agents succeed in targeting layer 1 fraud this year, their attention will also be drawn to the “deeper, more insidious ‘layer 2’ fraud.”

And once layer 2 fraud is exposed and blockchain manipulation is weeded out, Ayre is confident that the scalable blockchain technology that he is promoting will finally be recognized for what it truly is: “a regulatory friendly and legally compliant blockchain that can serve as both the backbone of the Web3 revolution and an environmentally friendly data storehouse without peer.”

Ways to Invest if You’re Looking for High-Risk

Investment

Claire James

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6 January 2023

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Ways to Invest if You’re Looking for High-Risk

The opportunity to make money fast comes with high-risk. It can lead to profit or nothing but losses. If you’re looking for a new way to invest, you can read more here.

Anyone looking to double their money in a short period of time will know that great risk is always involved. Those are the two sides of the same coin. High-risk means possible short-time rewards. Low-risk means potential long-term reward. So, if you’re looking to diversify your portfolio with some money that you can afford to gamble, you might be looking for some high-risk investments. Luckily, there are plenty of ways to do so. The chance that your money will be doubled is very slim in all of them, but there is the potential to earn a profit quicker than safer, traditional ways of investing. Just as long as you know that you could just as well lose your money.

Currency Trading (Forex)

Currency is a very popular way of investing. But it is also a somewhat tricky way to invest. It is a market where you need to know what you’re doing if you want to make money here. One of the things that make it a risky way of investing is because of the high leverage. Brokers often offer 50:1 which obviously can be quite risky if you don’t know what you’re doing. So, if you are new to forex, you might want to read up on forex for beginners. Make sure to spend some time really getting to know how it works before throwing your money into it.

Cryptocurrency or NFTs

Another very popular and risky relatively new way of investing is in cryptocurrencies or NFTs. Today it’s rather common to invest smaller amounts in these decentralized currencies and digital assets. They’re a part of a digital revolution looking to change the way the financial systems work. It can be fun and interesting to invest in crypto, especially if you’re interested in the world of crypto, but it is also very risky and should be considered a gamble.

Initial Public Offerings (IPOs)

One of the investment options that usually draw a lot of attention is IPOs. When you invest in an upcoming company, there can be quite good returns. Especially if you choose something low-profile that’s undervalued. This allows you to buy in early and perhaps make your money grow. The risky thing is that you never know whether a company will be able to grow big fast, whether the facts are transparent, or whether they will fail entirely.

Foreign Emerging Markets

Another risky investment could be in a foreign emerging market. Investors can purchase stocks, bonds, or sectors in a country that’s experiencing growth. It will always be a risk since you can never be certain whether this development will continue or at which pace this growth will unfold. It might lead to some disappointing results. These few examples are just some of the ways you can consider investing if you’re looking for high-risk. So, it can be a good idea to do some further research to make sure you find the perfect investment case for you.

How to Reduce Your IT Costs in 2023

Business

Claire James

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5 January 2023

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In the current economic climate, the price of almost everything is on the rise. To tackle inflation and protect against an almost certain recession, it’s up to business owners across the country to reduce their outgoings wherever possible. But where can you cut your costs?

One key expense that has been consistently climbing in recent years is IT. And while it’s hardly the ideal solution, reducing your tech spend is the compromise that might need to be made in order to gain a competitive advantage.

Many of the factors pushing up IT costs are entirely out of your control, from the global chip shortage to the rising prices of software. However, there are changes you can make in the next year to reduce your business’ IT outgoings. In this article, we’ll outline our three top tips. Let’s get started.

1. Prioritise SaaS management

Since their inception, cloud-based software-as-a-service (SaaS) tools have been streamlining operations and cutting costs for businesses across all industries. However, unless you have your procurement and negotiation strategies down to a fine art, there’s a good chance that you’re working with an unmanageable SaaS stack — and you could be unwittingly wasting budget.

Under-used or forgotten-about applications are commonplace, but there are measures that can be taken to address this. As explained by SaaS purchasing platform Vertice, good SaaS management is not just about identifying the software applications that are being subscribed to, but also about capturing the relevant information about each app. They advise that each business should document vital details about its software portfolio, such as the number of licences in use, the cost per application, and the renewal schedule of each tool.

This way, you can keep visibility on your stack, ensure that nothing is being paid for and under-utilised, and eliminate those tools that fail to provide a worthwhile return on investment.

2. Encourage a BYOD policy

Another way to reduce IT costs is to employ a bring-your-own-device (BYOD) policy. If your company software can run on standard PCs and mobile devices, there might not be any need to purchase dedicated equipment for each member of staff. Chances are, they already have their own laptops and smartphones that can handle the majority of work-related tools and communications.

Of course, that’s not to say that you shouldn’t support employees that lack their own equipment or the means to purchase it, but rather encourage bringing your own devices to help minimise unnecessary hardware expenditure. This also means that the company won’t be liable to maintain and repair employee devices, which can further decrease the IT department’s workload and costs.

Lastly, BYOD policies can help to support dispersed workforces, which are becoming more prevalent than ever thanks to new legislation and hybrid-remote working cultures. With all of their files and personal configurations kept on their personal devices employees can be productive and flexible in their working arrangements, cutting down on time spent on switching and misplacing data between “home” and “work” equipment.

3. Outsource your digital services

Investing in smart external solutions can help to improve and streamline your internal IT. If your business lacks the resources to set up a dedicated IT team, outsourcing is a great way to enjoy the benefits of establishing a comprehensive digital infrastructure without the associated costs.

One way to do this is to use a managed service provider (MSP), a third-party organisation that remotely manages business IT systems. According to productivity experts from Gartner, MSPs are responsible for delivering services such as “network application, infrastructure and security, via ongoing and regular support and active administration on customers’ premises”. In short, the MSP model makes it so that businesses only pay for their support usage, as opposed to making large investments in on-premises infrastructure.

Turning to MSPs for IT solutions can help you get back to your own trade rather than trying to play the role of IT professional. Plus, it can help you to cut hiring costs, as you won’t have to invest in recruiting dedicated in-house IT staff. Considering the current state of the global tech skills shortage, this could be a costly endeavour — but MSPs ensure that you have qualified professionals to turn to and pay for only when you require them.

The Destinations UK Expats are Working From Post

Travel

Claire James

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5 January 2023

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The Destinations UK Expats are Working From Post

The pandemic has completely changed the way we work. While pre-2020 only saw 27% of people able to work remotely, it is now estimated that 62% of workers in the UK are now full-time hybrid working, which means time is split between the office and home. In fact, many UK companies are now implementing a “Work from Anywhere” policy, which allows employees to work from anywhere in the world.

With more freedom than ever before, it can be hard to decide the best places to work. Luckily, Wizz Air has put together the top five places to work, based on their average broadband speeds, cost of living, rent and weather.

Spain

Whether you work best outside, soaking up the sun, or prefer to balance your busy schedule with various museum trips and visits to Michelin-starred eateries, Madrid offers something for every type of digital Nomad. Not only will working in Madrid mean you get to experience the Spanish tradition of a mid-afternoon siesta but what better zoom background is there than one that offers Roman ruins and manicured parks. With 33 million square metres of parkland, Madrid is the perfect city to choose if you work best outdoors.

Madrid is also incredibly easy and inexpensive to reach, with low-fare flights to Spain easy to find.

Average cost of living (monthly, without rent): £559

Average monthly rent: £701

Average broadband speed: 98.27 Mbps

Time difference from the UK: +1 hour

Average temperatures throughout the year (°C):

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

6 7 10 11 15 21 25 25 22 15 10 7

Air quality: Excellent – 9.4 µg/m³

Norway

Oslo, Norway, is a beautiful Scandinavian city that blends tradition with contemporary architecture. As an economic hub, with more and more tech companies choosing Oslo to start their business, Oslo is the perfect city for workers who don’t want to feel too far away from a working environment. However, don’t be put off by the idea that Oslo is all about working hard. Oslo recently ranked top for best cities for work/life balance in the whole world. Although Oslo is one of the more expensive cities to live, getting there will not cost too much money as flights are inexpensive, especially from the UK. In addition, Oslo is a culturally rich city with plenty of free or cheap activities to keep you busy.

Average cost of living (monthly): £878

Average monthly rent: £1066

Average broadband speed: 82.48 Mbps

Time difference from the UK: +1 hour

Average temperatures throughout the year (°C):

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

-3 -3 2 5 12 16 18 16 12 7 2 -3

Air quality: Excellent – 7.5 µg/m³

Greece

As one of the oldest cities in the world, with continuous inhabitation since 5000 B.C, Athens boasts an incredibly rich and fascinating history. Athens is particularly appealing to history lovers, who could easily spend hours soaking up its architecture, history and art. Athens is also incredibly well connected, both for getting around the city by metro or by foot, but also with its ferry port which can take you to numerous islands off the coast to explore Greece further. Finally, there are numerous city beaches near Athens that host crystal blue waters and silky sandy beaches.

Average cost of living (monthly): £463

Average monthly rent: £436

Average broadband speed: 29 Mbps

Time difference from the UK: +2 hours

Average temperatures throughout the year(°C):

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

10 10 13 16 21 26 29 29 24 20 15 12

Air quality: Moderate – 19.2 µg/m³

UAE

As the capital of the United Arab Emirates, Abu Dhabi is a great choice for remote workers who are seeking a more affordable place to live while working. Abu Dhabi offers something for everyone, with luxurious shopping, access to green spaces and white-sand beaches. If you need a break from working, then this city has numerous opportunities for adventure and adrenaline-pumping activities. From sand dunes that are just outside the city, to diving in the Arabian Gulf and spotting the super-tanker that sank after an onboard fire, there’s an activity for everyone to enjoy after work.

Average cost of living (monthly): £503

Average monthly rent: £1700

Average broadband speed: 151.14 Mbps

Time difference from the UK: +3 hours

Average temperatures throughout the year (°C):

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

18 20 23 27 31 33 35 36 33 29 25 21

Air quality: Moderate – 33.8 µg/m³

Italy

Rome is a wonderfully diverse city that is small enough for you to easily walk around and experience. From rich history and art to delicious food and drink, Rome is a culturally rich city that provides the perfect backdrop to working from home. Rome is an especially good work from home destination as there are numerous publicly funded Wi-Fi networks across the city, meaning you can work from Villa Doria Pamphili, the largest landscaped public park in Rome or work right across from the Colosseum.

Average cost of living (monthly): £625

Average monthly rent: £658

Average broadband speed: 41.44 Mbps

Time difference from the UK: +1 hour

Average temperatures throughout the year (°C):

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

8 9 12 14 21 23 26 24 22 18 13 10

Air quality: Good – 11.1 µg/m³

Guide – How To Become A Real Estate Broker By Mike Collins Mortgage Expert

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5 January 2023

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Guide – How To Become A Real Estate Broker By Mike Collins Mortgage Expert

If you’re interested in a career in real estate, becoming a real estate broker is a great option. Real estate brokers are licensed professionals who oversee the work of real estate agents. They are responsible for managing the sale and purchase of properties, roles typically handled by real estate agents.

Becoming a real estate broker can be a challenging but rewarding career path. In this article, we’ll walk you through the steps you need to take to make it happen. These steps are from the mortgage expert Mike Collins, who has years of experience in this business.

Steps To Become A Real Estate Broker

Becoming a real estate broker takes a lot of work. It involves a series of steps that we’ll discuss below, to become an experienced broker. These steps can set you up for success in the exciting real estate field.

Step 1: Research Requirements

You’ll first need to research the requirements for becoming a real estate broker in your state. Every state has its own set of requirements. So it’s important to familiarize yourself with your area’s specific rules and regulations.

In general, you’ll need to be at least 18 years old. Plus, you need a high school diploma or equivalent to become a real estate broker. You’ll also need to pass a criminal background check and complete some education and training.

It’s a good idea to start researching these requirements as early as possible. This will give you a better understanding of what you need to do to become a real estate broker. It’ll allow you to plan accordingly.

You can find information on the requirements for becoming a real estate broker on your state’s real estate commission website. It’s also possible to contact the commission directly.

Step 2: Get A Salesperson License

Before becoming a real estate broker, you’ll need to obtain a real estate salesperson license. This license allows you to work as a real estate agent and gain experience in the industry.

To get a salesperson license, you’ll need to complete a certain amount of real estate education, pass a licensing exam, and pay any required fees. The exact requirements for obtaining a salesperson license vary by state. So, be sure to research the specific requirements in your area.

Most states require aspiring real estate agents to complete a certain number of hours of real estate education. It’s required before they can sit for the licensing exam. This education can be completed through various methods, including in-person classes, online courses, or self-study.

Once you’ve completed the required education, you’ll need to pass the licensing exam to obtain your salesperson license. The licensing exam covers various topics, including real estate laws, principles, and practices. Studying and preparing for the exam is important to increase your chances of success.

Step 3: Gain Industry Experience

Most states require aspiring real estate brokers to have a certain amount of industry experience before becoming licensed. This usually means working as a real estate salesperson for a minimum of two years.

While working as a salesperson, paying attention to the various aspects of the job is important. You’ll have to learn about the real estate industry as much as possible. This will help you meet the experience requirements for becoming a broker and prepare you for your responsibilities as a broker.

In addition to gaining practical experience, it’s also a good idea to stay up-to-date on industry trends and developments. This can be done through reading real estate trade publications, attending industry events, and networking with other professionals.

Step 4: Meet Educational Requirements

In addition to industry experience, you’ll also need to meet certain educational requirements to become a real estate broker. This often includes completing additional real estate courses or exams.

The specific educational requirements vary by state. So, it’s important to research all these requirements in your area and plan accordingly. Some states may require you to complete several real estate courses. Plus, you need to pass an additional exam to become a broker.

It’s a good idea to start working on meeting these educational requirements as early as possible. It can take time to complete any required coursework or prepare for additional exams.

Step 5: Apply For A Broker License

Once you’ve met industry experience and education requirements, you’ll be ready to apply for a real estate broker license. This typically involves filling out an application and submitting required documentation, such as proof of experience and education.

You’ll also need to pay any required fees to complete the application process. The process for obtaining a broker license varies by state. So be sure to research the specific requirements in your area.

It’s a good idea to review the application process carefully and gather all necessary documentation before submitting your application. This will help ensure that your application is complete and avoid delays in the process.

Step 6: Enhance Credentials

While becoming a real estate broker is a major achievement, it’s important to continue learning and growing your career. One way to do this is by enhancing your professional credentials.

Consider joining a real estate broker association or obtaining additional certifications. You can get a Certified Real Estate Brokerage Manager (CRB) or a Certified Commercial Investment Member (CCIM). These organizations and certifications can provide valuable resources and opportunities for professional development.

In addition to enhancing your credentials, it’s also a good idea to stay up-to-date on industry trends and developments. This can be done through continuing education courses, attending industry events, and networking with other professionals.

Conclusion

Becoming a real estate broker is a challenging career path. But it’s rewarding and requires a combination of education, experience, and dedication. You can set yourself up for success in this exciting field by:

Researching the requirements in your state
Obtaining a salesperson license
Gaining industry experience
Meeting educational requirements
Applying for a broker license
Enhancing your credentials

The journey to becoming a real estate broker may not be easy. But with hard work and determination, you can achieve your goals and build a successful career in real estate. Good luck on your journey to becoming a real estate broker!

https://www.columnist24.com/business/3210/bridging-loans-can-be-a-great-option-in-the-face-of-rising-interest-rates/

https://www.prnewsblog.com/news/14805/mike-collins-mortgage-expert-what-kind-of-property-development-finance-is-required/

The Key Steps and Benefits of Healthcare Revenue Cycle Management

Health

Josh Haines

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4 January 2023

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The ability to effectively manage the revenue cycle is critical to the growth and sustainability of any healthcare business. Thousands of dollars lost in payer reimbursements, patient payments, and other income streams could put our clinic out of business if our billing department is inefficient.

Our company will succeed or fail based on how well we comprehend and implement Revenue Cycle Management. Below, we’ve outlined the revenue cycle’s stages and the advantages of well-executed Revenue Cycle Management.

Steps in the Healthcare Revenue Cycle Management Process

The revenue cycle in healthcare consists of several distinct phases. Therefore, there are many opportunities for errors to occur. When the revenue cycle breaks down, the provider may have to wait longer or stop getting paid by insurance companies and their consumers.

To understand where mistakes may occur and how RCM may help reduce them, let’s take a closer look at the procedures reflected in healthcare financial statements.

Verification of Eligibility and Pre-Approval

When a patient makes an appointment to see a doctor, that doctor uses the consultation to gather data for a diagnosis report. The patient’s eligibility for treatment must be verified; therefore, this step entails collecting relevant paperwork.

Revenue cycle management places a premium on accurately completing this stage, even if a patient already appears to have an account with the clinic. The claim will be denied later in the revenue cycle if there is insufficient or improper coverage. A delay in the compensation paid to the supplier is indicated. It also means more work for the doctor, who need to re-examine the patient’s medical history to correct any mistakes.

Expense Reporting and Coding

Charge capture is the process by which healthcare revenue cycle management services rendered to patients are translated into billable amounts using standard medical billing codes. These are the codes used by insurers in determining reimbursement amounts.

Incorrect medical coding can result in the insurance company not paying the participant. Due to this, payments to providers are put on hold. In addition, it is costly and time-consuming for the insurer to investigate and appeal denied claims. Therefore, coding errors are less likely to occur when there is a properly implemented revenue cycle management.

Getting Payments

Once a request has been authorized, the insurance company pays the provider based on the patient’s benefits. When the money is still owed after including the medical coverage, it is the responsibility of the service providers to get in touch with the client.

Revenue cycle management shortens the time it takes to get paid from patients by improving the efficiency with which claims are processed. In addition, because RCM prioritizes front-end operations such as insurance eligibility verification, customers will have a better idea of their out-of-pocket costs when they sign up.

Claims Submission

Once the prescription has been properly coded, the claim is sent to the patient’s insurance company for approval. By keeping a close eye on and updating the claim from the get-go, RCM ensures that it is submitted quickly.

Evaluation of Health Care Services

Effective revenue cycle management encourages healthcare practitioners to evaluate patient diagnoses and treatments. By studying this data, providers might detect bottlenecks in the system and identify cost-saving measures. This will increase providers’ income while boosting patients’ happiness.

The Benefits of Revenue Cycle Management for Healthcare Centers

Operators can avoid revenue delays or losses with the help of revenue cycle management which ensures that operations are finished accurately. RCM’s primary goal is to increase the service provider’s income and has several advantages. As a result, providers and patients alike can reap the benefits of revenue cycle management.

Let’s look at the positive aspects of revenue cycle management.

Recognizing and Fixing Errors

By using RCM, healthcare organizations better monitor the revenue cycle and identify problem areas. Since more than 90% of claim denials are attributed to efficiently avoidable technical issues like insufficient data in the patient’s file or inaccurate coding, this lowers the probability of claim rejections. When these problems are fixed the average pay out quickly increases, and claims are approved immediately.

Combating Frauds in Healthcare Systems

The ability of RCM to detect and prevent fraudulent activities is a significant benefit. A staggering number of dollars are lost annually due to healthcare fraud. In addition, a provider’s income and credibility could be at risk during a fraud investigation.

Correct information gathering, billing, and labeling are at the heart of revenue cycle management, making it less likely that practitioners will transmit incorrect information to insurance companies.

Increasing Healthcare Facility Revenue

Avoiding technology issues, claim denials, and fraud investigations can speed up healthcare providers’ payments. They can avoid problems, prevent dispute claims, and identify fraud while saving thousands of dollars. As healthcare providers, we prioritize on providing exceptional care to our patients.

Administrative Complicacy is Simplified

We are reducing administrative work by doing away with denied claims. Without having to spend time and energy investigating and appealing denied claims, administrative personnel can focus more on improving patients’ experience. RCM focuses on front-end tasks and simplifies interactions between management and patients.

The Conclusion

It is the hospital’s job to provide the greatest standard of patient-centred care while adapting to the changing landscape of healthcare revenue cycle management. If we want our organization to be running on all cylinders, every department’s goals must be in sync with the others. Changes in valuation methods are advancing in healthcare technology, and natural disasters pose challenges for healthcare revenue cycle management, which must evolve to remain competitive.
Accurate contract data and an established line of communication guarantee that everyone at the hospital understands their part in keeping the revenue cycle running smoothly.

Cybersecurity Challenges in the Health Insurance Industry and What Can Be Done to Address Them

Technology

Josh Haines

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4 January 2023

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Cybersecurity Challenges in the Health Insurance Industry and What Can Be Done to Address Them" title="Cybersecurity Challenges in the Health Insurance Industry and What Can Be Done to Address Them" />

Though many people attribute security breaches and other forms of cybercrime to financial data, a lot of these illicit activities involve healthcare data as well. To the chagrin of patients with health insurance, as well as their providers, there’s a risk of malicious agents using their personal health data for a number of criminal purposes on platforms like the dark web.

Health data stolen from insurance databases can be used to purchase prescription medicines in a dishonest manner, to allow someone to skip the line for a medical treatment, or even to make false medical claims. In addition, hackers who successfully breach insurers’ databases can uncover patients’ private information—like their national ID numbers, addresses, and contact details—on top of their healthcare data.

Today, there’s an upward trend in the number of security breaches occurring in systems that house protected health information, especially in light of healthcare crises like the COVID-19 pandemic. Knowing that, it’s important to be aware of the exact risks that your insurance company faces, which aspects of your insurance process are prone to compromise, and how can you administer an insurance management system that sufficiently protects your customers’ health insurance data from cybersecurity threats.

Below is an overview of cybersecurity challenges you may face in the imminent future, plus what you can do to fortify your insurance system’s security.

What Types of Cybersecurity Attacks Are Insurers at Risk of?

Insurance management infrastructure has swiftly evolved over the past decade, and it is now capable of processing huge volumes of patient healthcare data with added ease. But with every new development that serves patient outcomes, there are new threats to consider from cybercriminals whose methods are also evolving at an unprecedented rate.

Three types of risks that you should be aware of as an insurer are the following:

Unpatched Insurance Software

Much of your company’s vulnerability to cybersecurity attacks may be traced to unpatched software, or software whose code contains one or more known security weaknesses. If you allow your current software to remain unpatched, either because it seems too expensive or too much of a hassle to upgrade, hackers can definitely end up taking advantage of that.

Ransomware Attacks

Your system may also be susceptible to ransomware attacks, or attacks from malware that will steal your insurance data while infecting every computer involved in your network. As a consequence of a ransomware attack, you may be locked out of your system and be denied access to your insurance files for an indefinite period. A hacker may also use ransomware to make exorbitant demands of your company, thus putting you in a “damned if you do, damned if you don’t” kind of situation.

Risks from Unprotected and Unstructured Data

Lastly, without knowing it, your insurance staff may be handling unstructured insurance data without the proper safeguards. Unstructured data, or data that comes from various sources like emails, text files, transcripts, and the like, can be easily exfiltrated by outsiders compared to structured data. If you don’t take the initiative to protect the unstructured data that you use for your insurance processes, you may end up paying the price.

Takeaway

Cybersecurity attacks present significant risks to insurers in terms of business interruption and permanent loss of trust from policyholders. While it’s not impossible to bounce back from the aftermath of a cybersecurity attack, being proactive about your insurance organization’s security will always be the better approach.

How Can You Protect Your Insurance Company Against Cybersecurity Challenges?

Taking the abovementioned risks into consideration, below are some concrete steps that you can take for your insurance company’s cybersecurity:

Modernize Your Insurance Management System

First, consider weaning your organization off of its outdated legacy system and moving your insurance data and processes to the cloud. This will allow you to rely on your cloud provider’s security features, the best of which are both high-tech and effective in nature.

Implement the Principle of Least Privilege

Next, be sure to follow the principle of least privilege and restrict the baseline amount of power that users in your insurance platform have to the bare minimum. By implementing the principle of least privilege, you’ll prevent accidental harm on a large scale as well as abuse of power from malicious actors that may be either inside or outside of the organization.

Reduce the Attack Surface That’s Available to Hackers and Malicious Agents

Third, limit the number of entry points that an attacker can exploit if they ever get access to your system. You can do this by minimizing the number of services running on the platform at any given time, avoiding the installation of software that doesn’t natively run on your insurance platform, and applying firewalls on all your insurance management system’s boundaries.

Be Conscientious about Monitoring and Updating Your Insurance System

Finally, invest both time and effort into patching up your system’s security software and monitoring its security performance. Observe a schedule for updates and maintenance, and don’t delay crucial improvements until the very last minute.

Ultimately, insurance providers must commit to making key improvements to both their technology and policy if they want to tighten their cybersecurity. As part of your modernization plan for the coming years, make it your priority to bake good cybersecurity practices into every aspect of the insurance process. Additionally, make it a point to run these processes from a digital insurance platform that can guarantee you and your policyholders a maximum level of protection.

Are you ready to explore the live gaming world?

Sports

Josh Haines

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3 January 2023

0

Are you ready to explore the live gaming world?

With a variety of live casino games to choose from, this one could definitely be classed as one of the craziest! In the live online casino game Crazy Time, you can enter the exciting world of game shows, and put yourself on the hot seat.

For those who enjoy a bit of craziness in their lives, this game will give you just that and more!

How to play

With a number of different features and extras, this live casino game brings a top-quality level of gaming to you. The main aspect of the game is the gigantic, technicolour wheel, spun by a live host.

The wheel is built with three different coloured pickers: choose what colour you think it will land on, watch the wheel spin into action, and see your prize being revealed live. That’s not it though. As big as this wheel is already, it is also full of different multipliers and special double and triple spaces, increasing your prize total further!

Within the game, the main money wheel gives you the option to pick from numbers one, two, five or 10. Not only this, but you can choose from a number of different bonus games.

One of the bonus games featured is coin flip where you can gain extra prizes by guessing whether the blue or red side of the coin will land, and you will be rewarded with the multiplier amount that coincides with that colour. Being such a simple game with a 50/50 chance to succeed, you can’t complain. If this doesn’t sound good enough already, then there are other bonus games involved that can suit everyone, making this game a little bit crazier with every new feature.

Taking online slot games to a new extreme, it includes what is called the top slot. This is a 2×1 reel that will randomise a multiplier to produce a random bet spot. The first reel of the top slot is for bets, and the second reel gives you that multiplier. With its one winning line, multipliers on the top slot can amount to up to 50x your stake!

Make sure to choose where you think the wheel will land, as the game will give you 15 seconds to pick your option, creating a fast-paced gaming experience. With over 50 different parts of the wheel to choose from, there are plenty of opportunities to unlock amazing prizes!

It’s time to play!

Once the madness begins, you can interact with the host by using the live chat feature – there will always be someone available to help you figure your way around the wheel. You can also socialise with other players in the fully interactive game and see how everyone reacts to the grand spinning wheel, revealing all of your prizes.

Being able to play online from a variety of electrical devices, you can experience this wacky game anywhere. Whether you enjoy a bit of craziness, or want to introduce some more into your life, this game is the one for you!

Study or work: Which one should you choose?

Education

Josh Haines

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3 January 2023

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Study or work: Which one should you choose?

For many reasons, learners may choose to start earning more money. Many want to have money for their personal needs. Others want to pay for their education. It is always good to have extra money. However, when learners begin to work, they realize that it can be difficult to balance the educational process with their job.

So, the question is: which activity should I choose? The only way to be successful is to focus on only one activity. Students can easily seperate into two groups: One group is focused on studying, assignments, and exams while the other is devoted to work.

What if there was a solution? You don’t have to choose between your studies and your job. Send the “do my essay for me” request to a trusted online paper writing service. They will handle all your complicated papers while you work and make money.

As we’ve sorted it out, professional assistance can be provided with essay writing and other assignments. You can also work full-time. Let’s see what kind of freelance job is best for you as a student.

Online teacher

Online education is now a reality. Tutoring is no exception. Online tutoring is now possible. You can work from your home. You only need a computer, laptop or tablet, headphones and internet access.

Private tutoring is an option. You can choose your students and set your rates. You can offer as many classes per week as you like and charge only one price for each class. You can also create an online course that explains the discipline and then sells it via online learning platforms.

You can also send your resume online to teaching platforms in order for them to review your candidature. Once your request has been approved, you will receive your personal account. This account will contain information about your rates, number of classes, and other pertinent information.

Author with a Personal Blog

Freelance writing is a popular job among both students and adults. You can write about any topic you like. You can attract more advertisers the larger your audience. You can make money doing something you love by placing ads for these publishers.

Graphic Designer

You can make a living as a designer if you have good design skills. You can also gain more design experience and include it in your resume. Freelance designing is a competitive field. You must be ready to compete with others. This is because there are many freelance designers on the market. You can start small projects by starting to do them first. You can prepare marketing materials and posters to promote small businesses.

Copywriter or Content Writer

You can also assign writing assignments and essay writing to the best legit essay writing services. However, you can also try your hand at writing. As a freelance writer, or as a copywriter, you can be hired. The work involved is very similar to writing articles for your blog. There is one difference: there are more topics to choose from and a higher salary. The more complex the topic, the more money you will be able to make. It is important to note that most orders will require written articles by the deadlines. Every order will have its own requirements.

Transcriptionist

Are you able to listen well and understand the language? If so, you might be a transcriptionist. Employers may notice your candidacy, as it can be difficult to find experienced and qualified transcriptionists. Your job will involve the conversion of audio and video material into text. Your employer should provide all equipment. Your employer will provide all the equipment.

Time for a conclusion

It’s a great way to make money doing what you love and earn a living by freelancing. Professional writers can help with academic assignments when it is difficult to balance work and education. Expert writers can help with essays and other assignments. You will be pleased with the results.

If you don’t know what online job to choose, check out our article that includes examples of these freelance jobs. You can still find other exciting freelance jobs that you could consider for extra income or the start of your professional career.

To be a successful freelancer, you only need to do one thing. Make sure you have a great resume that you post on job search websites. You won’t be left waiting for a potential employer. There will be no time for you to look back and you’ll soon get on with your life.

When deciding between study and work, some students might be tempted by shortcuts like Microsoft PL-400 exam dumps, but relying on these can undermine genuine learning and jeopardize their professional certification.

Increase In Premiums After A Road Traffic Accident Explained

Finance

ABC Staff

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3 January 2023

0

Increase In Premiums After A Road Traffic Accident Explained" title="Increase In Premiums After A Road Traffic Accident Explained" />

If you’ve been involved in an auto accident, your attention immediately turns to insurance and more than just the awkward exchange of information. It’s not a guarantee that there won’t be any impact on your next year’s premiums, even if the incident wasn’t your blame. In this article, we’ll go over the information you should be aware of. Continue reading for more details!

Who is accountable?

In the case of insurance firms, one method to efficiently manage car accident claims is to determine an at-fault party even if there is nothing you could have done to avoid it, and the police haven’t yet charged you with a crime.

If you’re involved in a crash with another driver in a vehicle, insurers will decide the person at fault based on their Fault Determination Rules. In some instances, it could require time and further investigations by police or insurers to determine the person who caused the collision.

In any case, the fact that you are responsible for an accident may cause an increase in your car insurance rates. If you’ve recently been involved in an accident, a direct line can help you get back on the road with a direct line accident number. This easy-to-use reference number is your direct link to all of the direct line’s services, from filing a claim to finding a repair shop.

After an accident, how much will my car insurance increase?

Typically, your insurance rates will rise following an accident at fault because insurance companies now consider you a riskier driver and decide you are more likely to submit claims soon.

The exact amount your insurance premium will rise following an accident will depend on several variables, including the insurance company you use for your car as well as your driving history as well as your history of claims as well as your geographical location, and in certain states, you may even be assessed based on your age and gender.

Young drivers (under 25 years old) could see the most rises following an accident as insurance companies typically view these drivers as a particularly vulnerable group to insure.

What impact does an accident have on my car insurance?

Insurance companies want to recover the costs of any payout after an accident, which is why there will be an increase in the cost of insurance. It’s unfair. However, it’s due to specific insurance companies thinking that drivers who’ve been involved in an accident (even if it wasn’t their fault, and they didn’t make a claim for it) will be more at risk of being involved in an incident later. Therefore, your premium will likely increase to take on the possibility of them needing to pay.

After an accident, why do insurance rates rise?

Insurance rates for car insurance are based on data, and the evidence suggests the likelihood of getting involved in an incident if been engaged in one. Though it might feel like one, an increase in the aftermath of the filing of a claim is not a method of punishment. Your company instead adjusts your insurance premium to reflect this risk.

Even though at-fault injuries are more likely to increase your premiums than accidents that are not your fault, any claim can affect your rates, particularly if you file several claims in a short time. Your premium could be lowered to the baseline level after several claims-free years.

When a direct line report an accident, it is essential to provide accurate information to ensure that the claim can be processed quickly and efficiently. It is also necessary to consider what happens after the initial direct line report.

If an uninsured driver hits me, am I covered?

If victimized in an auto accident with an uninsured motorist, the insurance company could take care of the damages and its impact on your premiums differently than other insurance companies. If your insurance covers third incidental fire or theft, not only will you be charged for the damage caused to your vehicle, no matter the other party’s fault – you could be unable to claim your no-claims discount.

However, not all insurance companies respond to these situations in the same manner, and there are more uninsured drivers than you imagine. Because insured drivers cost the industry thousands of pounds each year, the expense is already transferred to policyholders, which adds more than £30 per year to each insurance premium.

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Are you ready to explore the live gaming world?

How to play

It’s time to play!

Study or work: Which one should you choose?

Online teacher

Author with a Personal Blog

Graphic Designer

Copywriter or Content Writer

Transcriptionist

Time for a conclusion

Increase In Premiums After A Road Traffic Accident Explained

Who is accountable?

After an accident, how much will my car insurance increase?

What impact does an accident have on my car insurance?

After an accident, why do insurance rates rise?

If an uninsured driver hits me, am I covered?

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