In recent years we have been seeing a surge of cyberattacks in all industries, but one specifically is really feeling the heat. Due to the sensitive nature of their work, the healthcare industry is particularly susceptible to cyberattacks like ransomware. Ransomware is a form of malicious software that locks users out of their data and threatens to destroy the data if a ransom is not paid. Cybercriminals can not only make a profit by forcing a provider to pay for important files to be decrypted, but they stand to gain a political or socioeconomic upper hand by tarnishing the reputation of certain health organizations.
This April, Governor Bill Haslam signed into law an amendment to Tennessee’s Encryption Safe Harbor Statue. The encryption safe harbor allows for the nondisclosure of encrypted data incidents, so long as the information was not accessed. The amendment to the statute requires that any organization with a data breach that could potentially expose unencrypted personal information, or where there is access to the encryption key, to submit a notification.
You’ve heard about it happening to other businesses, but it won’t happen to yours, right? Maybe your business has multiple locations or you’re nowhere near the path of a hurricane. It is easy to believe that your data is safe. The fact of the matter is, every business will at some point experience a data loss. The only way you can avoid it, no matter your company size or location, is to have a plan in place to evade and recover from a disaster.
Cloud Hosting is an incredibly effective tool for businesses today. Companies of all sizes are able to take advantage of state of the art resources without the colossal expense of hardware and skillset investments. Unfortunately, the circulation of rumors about the cloud have scared many from utilizing this tool. Don’t allow some common myths about the cloud to slow you down or distract your business from progressing.
HIPAA compliance is vital in the Healthcare Industry. Beyond the hefty cost of a HIPAA violation, the irreversible damage to an organization’s reputation can be even more devastating. An escalating number of healthcare providers are turning to a Cloud Hosting Provider to take on the accountability of their compliance.
7 Requirements to look for in a HIPAA Compliant Hosting Partner
Corporate Compliance and Ethics Week places the spotlight on the importance of examining your company and its accordance with industry laws and regulations. Standards are constantly changing due to the increasing accessibility of private information. Having the time or budget to do an audit can be overwhelming. It is tempting to assume that your current resources are up to par and push off a compliance and ethics audit until a later date. However, compliance can and should be viewed as an investment rather than a painful expense.
With fines ranging from $100 to $50,000 per violation it is important to frequently monitor your HIPAA compliance and keep your organization in check. There are three key reasons organizations are fined under HIPAA. The policies and procedures in place are either not enough to protect, or they are not being followed, the organization has not done a meaningful Risk Assessment and a Business Associate Agreement is not in place. When just one employee’s actions can result in a HIPAA violation, it is vital to reinforce and educate continuously.