Use Case: Healthcare Industry
Compliance with HIPAA and GDPR to remove risk of significant data breach costs and reputation.
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AT A GLANCE
- Identifying and protecting data
- Achieving HIPAA, PIEPDA and GDPR Compliance
- Consolidating PHI, PII, PCI
- Digital Transformation
- Ensuring business continuity
- Defining a protect surface
The Healthcare Challenge
According to a report, IBM and the Ponemon Institute found that from a recovery standpoint, healthcare data breaches are the most expensive form of data loss. To elaborate, data breaches in the healthcare sector in 2022 costs US$ 10.1 million on average, an all time high1.
The cost of a HIPAA/GDPR breach not only includes the fine, see table 1, but also the cost of hiring IT specialists to investigate the breach, the cost of repairing public confidence in the medical practice, and the cost of providing credit monitoring services for patients. Insurers may also limit their coverage.
The Need For HIPAA Complience
According to the U.S. Department of Health and Human Services (HHS), as healthcare providers and other entities dealing with PHI move to computerised operations, including computerised physician order entry (CPOE) systems, electronic health records (EHR), and radiology, pharmacy, and laboratory systems, HIPAA compliance is more important than ever before. Similarly, health plans provide access to claims as well as care management and self-service applications. While all of these electronic methods provide increased efficiency and mobility, they also drastically increase the security risks facing healthcare data.
The Security Rule is in place to protect the privacy of individuals’ health information, while at the same time allowing covered entities to adopt new technologies to improve the quality and efficiency of patient care.
While protecting patient data should be enough incentive in its own right to secure protected health information, healthcare organisations can see significant penalties for noncompliance with HIPAA regulations, with fines that can range between $127 and $1.9 million. These violations are not uncommon and the costs can be avoided with the correct data visability and security strategy. The largest ever healthcare data breach cost a health insurer around $230 million in clean-up costs1.
HIPAA Penalty Tiers
Table 1, 2022 HIPAA Penalty Structure2
Solution
The Getvisibility AI Powered platform enables you to quickly scan and classify all of your organisations data.
It will consolidate your most sensitive data:
- Protected Health Information (PHI)
- Personal Identifiable Information (PII)
- Payment Card Industry (PCI) data
Not only that, the platform has built-in functionality to reduce the complexities around compliance such as HIPAA, PIEPDA and GDPR.
Once we have identified all of your sensitive information through our in-depth reporting we will define your Protect Surfaces.
Your Protect Surfaces are a consolidated view of all of your most sensitive data. Knowing these allows you to take the necessary steps to safeguard your organisations data and risk.
