“I recently performed some basic analysis for a company in Culver City. In it, they had little regard for ePHI, which is includes medical records. It seems to me, that if a company doesn't enforce ePHI laws, data is likely going to be breached, and medical records will be posted somewhere online.
The laws in some states are very, very strict for Personal Information; some resulting in multi-million dollar settlements.
But when I brought up the ePII requirements under HIPPA, the company founder's eyes rolled, he said "Why are you worried about encryption? We can just put it on this office computer".
I desired to place the service in a DoD facility for $10 a month, I responded, so you don't get hit with a $10M lawsuit.
Anyways, Good luck with it. I'm sure some facilities such as UCLA will take requirements related to HIPPA more seriously.”
“Well, everyone knows that Los Angeles and California is broke, and I think press like this is good for the bank management, and America so they know how broke California is.
Still, the best thing Bank of America can do, is the same that they did in Colorado. Close all the branch locations, and place a single ATM in the state.
I'm not joking about this.
Basically, this type of business strategy, where people can only access their money through an ATM, or via a telephone banker located in another country, will keep every Bank of America employee safe and your money secure, likely with an additional $3.99 per month "safety fee" placed on the account.
I think it's a win-win proposition, if they close branches, then no one can have a bank robbery. Likely, Bank of America will also save money on insurance-related costs the branch locations as well, allowing them to hire new talent to invent bank fees related to account servicing. This will please the shareholders and investors.
I suggest that they continue testing this concept, perhaps in another state. Maybe New York too. But you know, we really like Jamie Dimon here in Colorado; he's a very personable CEO. People here feel safer here placing their money in his bank, and also getting rid of the beached whale who was investing in the market.
Get Real2day on Sep 10, 2012 at 10:26:45
“FrankSinatral: for ONE Jaime Dimon is NOT the CEO of BOA, he is the CEO of JP MORGAN Chase. and two, your idea is plain stuipid, and really i hope your being sarcastic. yeah why not eliminate thousands of jobs and replace them with an electronic ATM, and when you have a question about your account call some person outside the US, who you could hardly understand a word they are saying!! YEAH im sure that's going to make California more profitable by adding thousands on unemployment.”
“Well, everyone knows that Los Angeles and California is Broke, and I think this is good for the economy.
Still, the best thing Bank of America can do, is the same that they did in Colorado. Close all the branch locations, and place a single ATM in the state. They closed all the Home Mortgage Processing offices too. Basically, this type of business strategy, where people can only access their money through an ATM will keep Bank of America employees safe and your money secure, likely with an additional $3.99 per month "safety fee" placed on the account.
I think it's a win-win proposition, if they close all their locations like they did in Colorado, and no one can really have a bank robberty with an ATM. Likely, they'll also save money on insurance services related to the office as well.”