Scope Technologies' QSE Solutions Align with Proposed HIPAA Cybersecurity Updates
VANCOUVER, BC, Jan. 8, 2025 /PRNewswire/ -- Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") announces that its Quantum Security Entropy (QSE) platform is fully aligned with the U.S. Department of Health and Human Services' (HHS) proposed updates to the HIPAA Security Rule. These updates aim to address the rising threats to healthcare data security.
The proposed enhancements, designed to strengthen the protection of electronic protected health information (ePHI), introduce mandatory cybersecurity measures such as multifactor authentication, data encryption, and network segmentation, along with comprehensive documentation of policies and procedures.
QSE Group is proud to announce that its quantum-resilient security solutions fully align with these proposed updates, making it easier for healthcare organizations to meet and exceed the new requirements.
Key elements of the proposed regulations include:
- Mandatory Encryption of ePHI to protect against breaches.
- Advanced Security Controls, such as multifactor authentication and network segmentation.
- Comprehensive Documentation of security policies, analyses, and procedures.
- Proactive Threat Mitigation to address the increasing frequency and sophistication of cyberattacks.
QSE Group's solutions are designed to address these requirements directly:
- Quantum-Resilient Encryption: QSE's use of true entropy ensures unbreakable encryption for current and future threats, safeguarding sensitive ePHI.
- Immutable Decentralized Cloud Storage: Provides round-trip encryption and distributed architecture, limiting the impact of potential breaches.
- Seamless Integration: Supports robust access controls, including multifactor authentication, while integrating with existing cybersecurity frameworks.
- Quantum Preparedness Assessments (QPA): Helps healthcare organizations evaluate their compliance readiness, with detailed documentation to meet regulatory standards.
The proposed changes, expected to cost the healthcare industry an estimated $9 billion[1] in the first year, underscore the critical importance of robust cybersecurity measures. By leveraging QSE's scalable and efficient solutions, healthcare providers can achieve compliance without unnecessary operational strain.
"QSE Group's commitment to data security aligns closely with the government's efforts to protect patient information," said Sean Prescott, Founder & CTO of Scope Technologies. "Our solutions are designed to not only meet current standards but also anticipate and address the evolving challenges posed by future quantum threats."
For more information on how QSE's quantum security solutions can help healthcare providers comply with the proposed regulations, visit www.qse.group.
About Scope Technologies Corp
Headquartered in Vancouver, British Columbia, Scope Technologies Corp is a pioneering technology company specializing in quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides next-generation solutions in data security, quantum encryption, and neural networks, empowering businesses with secure, scalable technologies that drive growth and operational efficiency.
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Contact Information:
James Young
CEO, Scope Technologies Corp.
Email: james@scopetech.ai
Phone: +1 604-416-1720
Website: www.scopetechnologies.io
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company's latest management discussion and analysis, a copy of which is available under the Company's profile on SEDAR at www.sedar.com. While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company's business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.
The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
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