Healthcare industry is the darling of Cyber Criminals:
Cyber criminals are increasingly targeting the $3 trillion U.S. healthcare industry. As per the Ponemon Institute study, some 90% of healthcare organizations have reported at least one data breach in the past two years, with more than a third seeing more than five breaches.
As per IBM X-Force report, a 1.166% increase in reported health care records breached from 2014 to 2015. In fact, nearly 100 million health care records were compromised in 2015. There are 321 million people in the U.S., so this equates to roughly 1 in every 3 people in the country, which is actually where the majority of the health care records were stolen. Today, on the black market, the value of medical data is greater than even that of financial information.
Regulations keeping the Healthcare industry on its toes:
There are numerous security and privacy related regulations apply to healthcare providers such as HIPAA, HITECH, PCI-DSS, State Regulations, etc. Few regulations have evolved over a number of years to keep pace with technology advancements.
We partner with the three entities covered by HIPAA compliance ( i.e. health plans, health care clearinghouses and health care providers who conduct the standard health care transactions electronically) and provides Consulting and solution development services to implement the administrative, technical and physical safeguards needed as defined in the HIPAA compliance.
Compliance is not equal to Security and hence our role as the trusted Security partner is to not only to enable our clients to achieve compliance but also guide them to layout out a strong security program and execution engine so that they have Security as the enabler and differentiator.
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HIPAA compliance assessment
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The HIPAA Breach Notification Rule, 45 CFR §§ 164.400-414, requires HIPAA covered entities and their business associates to provide notification following a breach of unsecured protected health information.
When it comes to security breaches, it is no more a question of "if" but more of a question of "when".
We all know that 100% security is not possible but you would not want to be caught unprepared for such scenarios. In fact you could survive the breach impact and come out more strongly if you have ensured that you have as well defined strategy and action plan should a breach occur. Surprisingly many of the well-known organizations do not have one.
Our comprehensive 'After Breach - Survive and Rise' methodology can help you to define the short, medium and long term activities that you should be doing once the breach occurs so that you don't just survive the breach immediate impact, address the breach notification requirements, but come out much more strongly and enabled.