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Healthheart / Keyqo Announces New Security Product

· June 10, 2018 · 8:00 pm

On top of a successful rebranding from HealthHeart, Keyqo has announced significant progress towards the release of their new healthcare IT security product.

In a recent update, CEO Mark Rudnitsky, described the product as follows:

For this first phase, we are developing a security monitoring tool, which tracks the transfer of sensitive data within and out of a given clinic’s network. We have a small ‘agent’ that gets installed on each machine on the network. It monitors all traffic coming in and out of that machine. It interfaces with an intrusion-detection system (IDS), which tells it certain ‘patterns’ to look for, which indicate patient data is being compromised. If those patterns are detected by the agent, it will report to a central server with what it found. The server will take those logs, encrypt them, and store the information on a private blockchain (this is a requirement so we’re HIPAA-compliant). So no matter if the machine is compromised by an attacker, the logs can never be modified. There’s a dashboard/admin console that the end user utilizes to see any alerts or indicators of compromise, as well as separate tools for storing customer data, reporting, and billing.

Velvetech, Keyqo’s software development partner, has provided an estimate of Phase One completion in about three months. First to be completed are the IDS and blockchain components, with the agents and dashboard following later.

Blockchain technology

While the original blockchain EHR concept has been temporarily placed on hold, Rudnitsky seems optimistic on the pivot to HCIT security software:

The cost of healthcare data breaches is higher than it’s ever been. Every single record breached can cost an organization $380. The security solutions offered by others clearly aren’t working. So not only do healthcare organizations of all sizes need the blockchain security solutions we’re building, we are also able to benefit them with minimum disruption to their operations. We can integrate with any IT system that a hospital could use. No need for a full EHR migration, no need for system downtime – providers can secure their patient data without even thinking of compromising the quality of care.

The pivot to security seems to be paying off. Several hospital chains reportedly have reached out to Keyqo and the company’s leadership has been developing awareness among Illinois podiatry clinics.

Rudnitsky seems optimistic about the future:

What we’re doing right now in the HCIT space is nothing short of revolutionary. The recent increase in healthcare blockchain companies shows exactly how forward-thinking we were when we started back in September. We’re the vanguard, bringing healthcare IT into the 21st century. The future looks bright for Keyqo.

What are your thoughts on Healthheart / Keyqo’s new direction? How can blockchain help secure healthcare providers’ patient records? Let us know in the comments below.

Images courtesy of AdobeStock, iStockPhoto

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Healthcare Insurers Looking to Blockchain to Track Provider Information

· April 3, 2018 · 4:00 pm

The United States’ health insurance industry is a bonafide mess. Two major healthcare insurers, however, are looking to blockchain technology to help clean up inaccurate provider lists.

An Emergency Situation

American for-profit healthcare companies UnitedHealth Group and Humana are initiating a pilot program to examine whether or not blockchain technology — the underlying technology behind Bitcoin — can help track provider information.

Healthcare insurers look to blockchain

As noted by CNBC, the ability to find an in-network doctor approved by one’s health plan is crucial, as such a feat can significantly cut down on medical bills. However, provider lists are rarely kept up to date, adding additional costs not only to the patient but also to insurers and contracted doctors. Explained Mike Jacobs of UnitedHealth Group’s Optum Division:

From the perspective of the provider organizations … [they] can work with up to dozens of insurance plans, and each of the plans are individually requesting or verifying the provider information.

CNBC also notes that “the administrative costs of updating and tracking down that information are estimated to be more than $2 billion dollars a year for the health-care industry.”

Healthcare insurers look to blockchain

Nevertheless, inaccurate provider contact information was found on almost one-half of all provider listings for Medicare Advantage plans — an issue that is arguably inexcusable. Claims Jacobs:

That’s such a large issue that it’s really affecting access to care for many patients.

Blockchain to the Rescue

UnitedHealth Group and Humana – rivals in the Medicare space – are looking to potentially cure inaccurate provider lists with some proverbial blockchain medicine.

The two major health insurers are initiating a pilot program to study the positive potential of applying blockchain technology’s decentralized ledgers to what is currently an unorganized mess of incorrect information. (Spoiler alert: blockchain technology will probably be beneficial.)

Both companies will also include Quest Diagnostics and Multiplan in their pilot program.

It’s worth mentioning that the companies’ pilot program is not necessarily one aimed at providing a solution for patients. As noted by CNBC, the insurers are most likely looking to prevent potential fines from the Centers for Medicare and Medicaid Services (CMS), which is considering penalizing insurers upwards of $25,000 per day for featuring provider lists with incorrect information.

Do you think the blockchain can help clean up provider lists? Are there any other aspects of the United States’ messy health insurance system which could be cleaned up with Bitcoin’s underlying technology? Let us know in the comments below!

Images courtesy of Shutterstock and Pixabay.

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Čvc 01

Hackers Target Medical IoT Devices To Obtain Prescription Drugs

Source: bitcoin

Bitcoinist_Medical IoT Devices

Hospital IT security is not up to par, as a recent reported indicated. It looks like the threat is far more real than anticipated, as a new wave of IoT device attacks is taking place as we speak. Medical services, ranging from CT scanners to dialysis pumps, are targeted by hackers. Albeit these assailants will not shut down the machines, they are trying to retrieve confidential patient information.

Also read: FBI Overstepped Boundaries Again in Silk Road Investigation

Very few people seem to realize medical devices store a lot of sensitive patient data. MRI Machines and CT scanners keep a record of all patients going through these devices. The vast majority of these machines is connected to the Internet, making them a lucrative target for hackers all over the world.

Medical IoT Devices Are A High-value Target

As one would come to expect from lackluster hospital IT security, these machines are inadequately protected. To be more precise, assailants use older versions of malware to attack medical IoT equipment. Conficker, a very old type of worm, has been identified as one of the tools of attack. Far too many medical devices connected to the Internet run on older Windows versions.

Security firm TrapX Labs explained the situation as follows:

“The malware utilized for this attack was specifically selected to exploit older versions of Windows… It enabled the attacker to install a backdoor within the enterprise, from which they could launch their campaign and quietly exfiltrate data and perhaps cause significant damage using a ransomware attack.”

Conficker has been a cause of concern for security experts in the past. Similar to how ransomware is evolving, this worm used to undergo several changes during its reign. The developers even used it to hijack infected devices and use them for DDoS and spam attacks. Medical machinery is a lot more powerful compared to CCTV cameras, and can be wielded to cause a lot more harm.

The Number of Attacks Increases

The medical industry has been under attack from hackers for quite some time now. Several hospitals had to deal with ransomware attacks these past few months. Patient records have always been a high-value target for hackers. One individual is even selling three different databases on the deep web. Every database has several tens of thousands of patient records in it.

Using these medical profiles goes well beyond using them for extortion schemes. A hacker would be able to get prescriptions filled. After all, these prescriptions are covered by insurance, and the pills have a high resale value on the deep web. All of these goods are sold in exchange for Bitcoin. There is no better time than now for hospitals to step up their IT security. Unfortunately, most of them do not have the staff or money to do so.

What are your thoughts on hackers going after medical IoT devices/ Let us know in the comments below!

Source: Threatpost

Images courtesy of Shutterstock, TrapX

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Hackers Target Medical IoT Devices To Obtain Prescription Drugs

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Industry Report: EU Gets Serious, Blockchain Does Healthcare

Source: bitcoin


Want to catch up on the latest digital currency news? Recently, the EU has been making waves in the blockchain space. Take a gander at the stories below to see what you’ve been missing.

Also read: Industry Report: Kraken, Others Receive Large Investments


The European Union is getting serious about bitcoin. Digital currency exchange Bitstamp has received an official license from Luxembourg, a little country with some large aspirations, making it Europe’s first fully regulated institution for bitcoin. Several newcomers are now looking to get in on the trade, and crypto popularity in Europe is expected to increase tenfold.

The license is set go into effect on July 1st of this year. One of the highest priorities of all digital currency applications is customer safety, and Bitstamp isn’t willing to take any chances.

Co-founder and CEO Nejc Kodric explained in a press release:

“We have put a lot of time and resources into the regulatory process with the goal of ensuring customers feel more confident in using Bitstamp’s exchange and products across the European Union… We are proud to have taken this important step for our customers and the digital currency/blockchain industry globally.”


First came Obama’s Affordable Healthcare Act; Obamacare. Now, the blockchain is spreading its wings in the world’s health industry, and the ways we do medicine and emergency surgery are about to undergo some massive changes.

With the introduction of Gem Health, a blockchain based around healthcare data is emerging with the goals of keeping records and data safe and sound, and connecting people on a global scale to reasonable and accessible healthcare providers. It is also being implied that Ethereum will be integrated for the handling of private health infrastructure.

Micah Winkelspecht, founder and CEO of Gem, stated:

“Blockchain technology will create a new fabric that connects the entire healthcare industry, weaving together critical data from every stage of the continuum of care… Blockchains address the trade-off between data availability and data security. For healthcare, this enables hospitals, insurance companies and labs to connect in real-time and share information instantly and seamlessly – without exposing those channels to theft or forgery.”

Through Gem Health, those in need of appropriate medical attention can likely rest assured that their information will be kept private and invulnerable to dangers like hackings and related cyber-attacks.

What stories would you like to see mentioned in our weekly industry reports? Post your thoughts and comments below!


Images courtesy of Ugandaexports.go.ug & unomaha.edu.

The post Industry Report: EU Gets Serious, Blockchain Does Healthcare appeared first on Bitcoinist.net.

Industry Report: EU Gets Serious, Blockchain Does Healthcare

Led 15

Fighting Boston Scientific Counterfeit In Healthcare With Blockchain Technology

Source: bitcoin

Fighting Boston Scientific Counterfeit In Healthcare With Blockchain Technology

Counterfeit goods and ingredient sis a major threat to not just the financial ecosystem, but to the health of consumers around the world. Boston Scientific is the latest company being called out on using counterfeit ingredients, which could severely affect consumer health. If only these companies had used blockchain technology to ensure all of the materials used were genuine, this class action lawsuit would have been prevented.

Also read: Adyen Can Bring Bitcoin To Major Businesses Like Netflix And Uber

Boston Scientific And Counterfeit Material

There is no denying the blockchain offers plenty of use cases that will affect the everyday life of both consumers and businesses all over the world. Most consumers think of counterfeit in the form of fake clothing and handbags, which is an equally worrying trend flooding markets all over the world. Counterfeit goods are far worse quality than the real thing, and can harm brand reputation in the long run.

But the biggest culprit in the counterfeit industry can be found in the medical and healthcare sector. Not only is there a vast supply of fake medicine flooding markets in developing countries around the world – with health concerns as a logical consequence – but large manufacturers are using dubious materials in their solutions as well.

Take Boston Scientific, for example, a company well known for manufacturing vaginal mesh implants. Several users have reported miscarriages and various other medical issues as a result of these implants, which has lead to a scrutinizing investigation. Skimping on the materials used in these implants is a big no-no, and rumours are circulating Boston Scientific has been used counterfeit material from China.

With over 70,000 civil lawsuits consolidated into one major federal case, the future’s looking grim for Boston Scientific. If officials can prove counterfeit materials have been used by the company, criminal charges and heftier fines would be on the horizon for the company. Furthermore, the sale of these vaginal mesh implants needs to be halted as soon as possible, until the matter has been resolved.

It may seem all but impossible to prevent counterfeit goods from making their way into the healthcare system, but nothing could be further from the truth. The blockchain is perfectly capable of creating a tool that can be wielded by companies and individuals all over the world to prevent counterfeit goods from entering the market.

Fighting Counterfeit With The Blockchain

Blockchain technology can be adapted to suit various needs, regardless of industry. Battling counterfeit is not an easy task,  which is where the blockchain comes into the picture. This public ledger can be used by manufacturers and vendors to publicly track the origin of good and products used, from the moment it is being manufactured, to when it is in the stores waiting to be sold.

BlockVerify is one the companies working towards achieving that goal, and they have mentioned healthcare as one of the major industries to benefit from the blockchain. Other companies, such as Everledger, are using the same type of technology to remove counterfeit diamonds from circulation one step at a time.

What are your thoughts on using blockchain technology to fight counterfeit goods? How will the federal case against Boston Scientific turn out? Let us know in the comments below!

Source: CNN Money

Images courtesy of Shutterstock, Boston Scientific

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Fighting Boston Scientific Counterfeit In Healthcare With Blockchain Technology