Healthcare security is front and center today. News releases confirm this. We should look at this (security) from a holistic perspective for all aspects from the point of care throughout the enterprise. This current paradigm change for other vertical markets should also translate into this space. (i.e. healthcare).
The liability shift for financial transactions – This change is a part of a nationwide effort to cut down on fraud – is fast approaching. Here is what is going on: Financial Institutions are now issuing new more secure chip cards (i.e EMV cards) to consumers. Merchants are being asked to do their part by upgrading their payment terminals (authentication devices) to accept this new technology change or upgrade by October 1, 2015.
From this point on, your business could be on the hook for certain types of in-person fraudulent transactions if you do not have the technology in place to accept EMV. Previously the banks ate the cost of fraudulent changes..however well that is changing it seems.
The simple way to look at this is the liability is shifting to the party with the less secure technology.
What should be the requirement for authentication at the point of care?
