an essential component of HIPAA compliance is an up-to-date risk/threat assessment to identify key IT security weaknesses. (Image: iStock)
Increased enforcement of Health Insurance Privacy and Portability Act provisions by Health & Human Services' Office of Civil Rights is resulting in ever-larger monetary settlements.
And according to HR and benefits consultant Buck, that's due to a lack of compliance and preparedness on the part of organizations. In fact, according to its 2019 HIPAA Readiness Survey, a substantial percentage of firms fail to successfully follow HIPAA privacy and security policies, resulting in breaches that could let those firms in for substantial penalties.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
