Forbes May 29, 2025
Arpna Aggarwal is an AI-enabled cybersecurity and risk mitigation expert in the Healthcare sector.
Late last year, a major breach involving New Era Life Insurance Companies affected the protected health information (PHI) of more than 335,000 individuals. The root cause of the data breach was a cybercriminal’s unauthorized access to its IT network. The exposed data of policyholders, agents, and insurance carrier partners included names, birth dates, insurance ID numbers, claim information (including diagnosis/treatment details) and Social Security numbers.
Blockchain’s decentralized architecture, cryptographic security and automated governance would have either drastically reduced or prevented the attack. Here’s a look at how blockchain could have avoided unauthorized data exfiltration by eliminating centralized data repositories, enforcing granular access controls and enabling real-time...
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