Globalscape Inc. continued to gain momentum in the first quarter, reporting a $2.4 million profit on $9.4 million in revenue for the quarter, compared to a $935,000 loss on $7.7 million in revenue for first quarter 2018, according to its quarterly earnings report filed May 10 with the U.S. Securities and Exchange Commission.
San Antonio software company Globalscape Inc. turned a profit on higher revenue in the first quarter. Globalscape earned $2.4 million, or 14 cents a share, on $9.4 million in revenue in the three months ended March 31. By comparison, it lost $935,000, or 4 cents a share, on $7.7 million in revenue in the same period last year.
Retired U.S. Navy veteran Cedrick Brown has seen nearly 1,000 people connect with his Military Transition Network, a San Antonio-based company that seeks to link employers with ex-military workers, since he launched it about a year ago. The company has worked with USAA, Globalscape Inc., Bunker Labs and Veterans United Home Loans of San Antonio, and it has a partnership with Geekdom LC's Military Transition Outpost.
Enacted in 1996, the Health Insurance Portability and Accountability Act (HIPAA) set forth legal requirements related to privacy and security safeguards for certain pieces of medical data. Now, more than 20 years later, health care organizations seemingly feel confident in their ability to execute against HIPAA mandates, according to the findings of a recent Ponemon Institute and Globalscape study.
With so many U.S. employees bringing mobile devices to work, home and on vacation, IT can secure data in motion by tightening and enforcing BYOD policy. Last year, 66 percent of Americans worked during vacation. Time away from the office is good for productivity, creativity, mental health and the economy. While working on vacation has its own stigma, clearly many Americans can't resist responding to email or finishing up that presentation on their way to the beach.
Healthcare organizations face an increasing threat from cyber-attacks and hospitals are spending big to ensure their patients' data is protected. In 2017, healthcare spending on IT reached $100 billion and there were around 32,000 intrusion attacks per day on healthcare organizations, according to FortiGuard Labs, as reported by CSO. Globalscape is listed among than 125 companies focused on cybersecurity for hospitals, health systems and other healthcare organizations.
The average cost for organizations that fail to comply with data protection regulations is $14.82 million, a recent research study warned. The study, conducted by the Ponemon Institute on behalf of Globalscape, also noted that the cost of compliance varies from sector to sector, depending on the sensitivity of the data organizations must protect.
Achieving compliance is a challenging process, but with the right systems and customized data management policy, your organization can stay ahead of the next data breach—and the regulators. Data protection and privacy regulations affect organizations of every stripe. Whatever your business, if you have customers or employees, you have data that requires protection under some state or federal mandate.