The U.S. Department of Health and Human Services plans to overhaul the Health Insurance Portability and Accountability Act (HIPAA) security rule to strengthen cybersecurity. Proposed changes include multi-factor authentication, enhanced encryption, updated technology inventories, and routine vulnerability scans. The cost is estimated at $9 billion in the first year and $6 billion for the following four years. Stakeholders have 60 days to submit comments after the proposal’s publication.
Oil suffers biggest one-day gain in six years as stocks plunge
The price of oil has clocked its biggest single-day gain in six years – with Brent crude surging by more than 20% to $114 (£85)
