Financial services companies as popular targets of cybercriminals for the obvious reason — they’re where the money’s at. And health care companies have medical records, which are very valuable on the black market since the information there can be abused in so many ways, and doesn’t expire.
HealthExpense, which provides health care payment services to banks and their enterprise customers, straddles both worlds.
“When we started, every new client asked us about security,” said Marco Smit, CEO at Sunnyvale, Calif.-based Health Expense.
“It has to do with the data we’re collecting,” said company CSO Ken Lee. “We are definitely bound by HIPAA compliance, and we hold all the personal health information and financial information.”