With data breaches on the rise, the FTC is looking to make health apps more accountable for telling patients when their data has been exposed.
The FTC released a new statement specifying that all health apps that capture sensitive patient information notify users, the commission itself and in some cases the media when a security breach has compromised identifiable health data. If the company fails to do so it could face a fine of $43,792 per day of violation. [Read more…] about The Federal Trade Commission (FTC) hardens data security rules for health apps and devices
In the eyes of the tech industry, mental health treatment is an area ripe for disruption.
In any given year, 1 in 5 adults in the U.S. experience a form of mental illness, according to federal estimates. And research indicates only about half of them receive treatment in a system that is understaffed and ill distributed to meet demand.
For tech startups looking to cash in on unmet need, that translates into more than 50 million potential customers. [Read more…] about The explosion of mental health apps raises substantial opportunities–and tough questions