Australia’s regulator AUSTRAC has published guidelines instructing reporting entities to assess potential impacts of data breaches on their exposure to money laundering and terrorism financing (ML/TF) risks. The guidelines also call for measures to manage and mitigate these risks and continually monitor for data breaches that may affect their customers. Non-compliance with these guidelines will necessitate a significant change in many reporting entities’ approach to identifying and managing ML/TF risks.
The True Cost of Focusing on Cost Instead of Cost-Effectiveness
When payors consider only the cost of the medication and not the cost and risk to the patient, doctor, and healthcare system, the irony is
