Cyber crime is on the rise. That's the focus of the cover story in today's Business First. Issues range from someone losing a device like a laptop or smartphone that contains client records or maybe a company would mishandle paper files. Or a website could be hacked. Experts say businesses need to do more to protect their data from being lost, especially small businesses that are vulnerable. John Jablonski, with Goldberg Segalla, estimates that sixty percent of small businesses fail within six months of a cyber attack. The report says about $110 billion was lost in 2012 to cyber attacks so it pays to be proactive. Experts recommend security assessments or cyber risk insurance policies.
Another report in today's Business First shows how several out of town private firms have been buying up local nursing homes. The $141 million acquisition of Elderwood Senior Care is the latest. New York City-based Post Acute Partners Acquisitions will take over nine skilled-nursing facilities, six assisted-living residences, two independent living communities and an institutional pharmacy in the Western and Central New York region. The report says many privately-owned nursing homes have struggled as reimbursements decline and health reform mandates increase costs.
You can read more about these issues in today's Business First.