CDK cyberattack stems from crime gangs who resurface after rebranding
Hacking gangs are incestuous and difficult to track (by design), experts say. They’re continually rebranding themselves and resurfacing with new names and new members.
Some homebuyers are beating high interest rates with 1980s-era assumable mortgages
Last year, after Deb Jerikovsky’s husband died, she decided to swap the lake home where they planned to spend retirement for a house in the metro that’s closer to family.
She put that plan on hold, however, once she realized 7% mortgage rates would force her to dip too deeply into her savings. Instead, she moved in with her daughter, hoping she’d eventually score a lower rate.
She didn’t have to wait long.
Mortgage rates were still hovering near 7% last October when she ran across a listing for a townhouse in Coon Rapids, Minnesota, that touted a KitchenAid fridge, electronic blinds and an unexpected extravagance: a low-interest assumable mortgage.
“It was like winning the lottery,” said Jerikovsky, who assumed the seller’s 2.25% mortgage rate.
The deal saved her about $700 a month compared with today’s rates and gave her enough room in her budget to buy a new car and spend part of the winter with her aunt in Florida. Her $349,900 townhouse is one of hundreds of listings in the Twin Cities with an assumable mortgage eligible sellers can transfer to qualifying buyers, teleporting them back to a time of record-low rates.
CDK cyberattack fallout spreads even as reboot efforts progress
Week 2 of CDK’s cybersecurity crisis included progress on recovery, more lawsuits and an open letter from CEO Brian MacDonald.
Additive manufacturing: What it is and how it's being used in the auto industry
Innovations in additive manufacturing technology were displayed at the RAPID + TCT 2024 conference June 25-27
Medicaid for millions in America hinges on Deloitte-run systems plagued by errors
Rachana Pradhan, Samantha Liss | (TNS) KFF Health News
Deloitte, a global consultancy that reported revenue last year of $65 billion, pulls in billions of dollars from states and the federal government for supplying technology it says will modernize Medicaid.
The company promotes itself as the industry leader in building sophisticated and efficient systems for states that, among other things, screen who is eligible for Medicaid. However, a KFF Health News investigation of eligibility systems found widespread problems.
The systems have generated incorrect notices to Medicaid beneficiaries, sent their paperwork to the wrong addresses, and been frozen for hours at a time, according to findings in state audits, allegations and declarations in court documents, and interviews. It can take months to fix problems, according to court documents from a lawsuit in federal court in Tennessee, company documents, and state agencies. Meanwhile, America’s poorest residents pay the price.
Deloitte dominates this important slice of government business: Twenty-five states have awarded it eligibility systems contracts — with 53 million Medicaid enrollees in those states as of April 1, 2023, when the unwinding of pandemic protections began, according to the Centers for Medicare & Medicaid Services. Deloitte’s contracts are worth at least $5 billion, according to a KFF Health News review of government contracts, in which Deloitte commits to design, develop, implement, or operate state systems.