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One in Four Americans Have Been Victims of Healthcare Data Breach

26 percent of Americans have had their medical info stolen, and get this — half the victims had to pay an average of $2,500 in out-of-pocket costs per incident!

What a crock…

One in four Americans (26%) have had their medical information stolen, and these breaches can be quite costly, according to recent research from Accenture. Half the victims had to pay an average of $2,500 in out-of-pocket costs per incident.

The Accenture 2017 Healthcare Cybersecurity and Digital Trust Research, which surveyed 2,000 U.S. consumers, found that hospitals accounted for 36% of these breaches. Urgent care clinics (22%), pharmacies (22%), physician’s offices (21%) and health insurers (21%) rounded out the list.

Among those who experienced a breach, 50% were victims of medical identity theft. Information taken in the breaches included social security numbers (31%), contact information (31%) or medical data (31%). This stolen information was most often used to purchase items (37%) or used for fraudulent activities, such as billing for care (37%) or filling prescriptions (26%). Unlike credit card identity theft, where a card issuer has a legal responsibility to cover losses above $50, medical identity theft victims do not have an automatic right to recover losses.

Source: One in Four Americans Have Been Victims of Healthcare Data Breach

TurboTax is fast…

Turbo Tax (and of course MANY other applications) do this regularly, to make it seem like the app is actually “working,” rather than do what it does far better than humans – math!

Turns out, lots of apps like Turbo Tax have fake “thinking” animations or progress bars. Because people don’t trust technology.

Source: TurboTax is fast…

TSLA Stock: This Billionaire Claims Tesla Could Be Worth A Trillion Dollars By 2025

For the past few years, the world bore witness to the birth and growth of one of the most ambitiously futuristic companies ever — Elon Musk’s tech company Tesla, Inc (NASDAQ:TSLA). Although Tesla experienced a lot of ups and downs, it’s not so far-fetched to think that its strategic moves are paying off, and that its investors will be reaping the benefits. And it’s not just Musk who believes so.

One of Tesla’s most notable investors is billionaire Ron Baron whose company Baron Capital Management owns around $300 million worth of Tesla shares. Baron is well-known for his buy-and-hold attitude when it comes to stocks. That simply means he buys stocks on a long term basis. In the case of TSLA, he is planning on holding out for the next 13 years at least as he believes the ticker has nowhere to go but up.

Source: TSLA Stock: This Billionaire Claims Tesla Could Be Worth A Trillion Dollars By 2025

Hard Money in the San Francisco Bay Area

I just read this great article about hard money in San Francisco.

In case you didn’t know, hard money is money lent out to borrowers who may not meet the qualifications of a traditional lender like a bank. Most often, hard money refers to loans made against real estate property like residential homes, rental units, and commercial land and building development.

If you want to get the skinny on hard money lending in the San Francisco Bay Area, read this post about it.

It goes through everything there is to get your feet wet with respect to hard money and hard money loans (also called private money, by the way). It was written by a guy named Beau Eckstein, who you may have seen on a reality TV show on HGTV called “Flip It to Win It“. It’s a pretty cool show, where teams of two take on one another to see who can flip a house for the most profit.

It’s very entertaining and Beau’s team won the first round. It’s pretty amazing how much money changes hands in these house flips.

Anyway, Beau makes a ton of money flipping houses with other people’s money. You should give his site a read. He’s a real pro.


Beau Eckstein

http://beaueckstein.com

Phone: (925) 852-8261