Thursday, June 26, 2014

Healthcare Cyber Security – TSCM & Risk Management

Healthcare Cyber Security – TSCM & Risk Management

By J. D. LeaSure, President/CEO ComSec LLC

Healthcare related cybercrime continues its very remarkable upward trend. Electronic Health Records (EHRs), online healthcare portals, the street value of stolen Protected Health Information (PHI / e-PHI) / Individually Identifiable Health Information (IIHI) and limited cyber security programs have all contributed to this steady increase. And, as healthcare related cybercrime rises, regulators continue to develop or modify laws and regulations aimed at protecting the information, and ultimately the consumer.

Healthcare companies tasked with protection of personal and/or protected health information must implement a thorough and effective risk analysis and risk management program to comply with the legal and regulatory requirements. If your cyber security risk program focuses too strongly on IT security, the program needs to be reevaluated. Electronic eavesdropping devices are inexpensive, easy to use, and can capture a great amount of data in an inconspicuous manner. Data breaches are costly, create criminal and civil liability and can irreparably damage your company’s reputation and future earnings potential. Omitting Cyber TSCM and TSCM from your risk management process could be a very costly mistake.

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