How to Build HIPAA-Compliant Software Application
In 2022, more than 590 healthcare organizations experienced a data breach at an average cost of $4.35 million per event. The Health Insurance Portability and Accountability Act (HIPAA) was signed into law in 1996 and has become the most significant piece of legislation governing patient privacy and the use, transmission, and storage of personal health information (PHI). Healthcare organizations are being targeted daily due to the value of personal health record (PHR) data on the dark web and other illicit marketplaces. In response, insurance providers are increasingly mandating third-party risk management encompassing implementing cybersecurity and data governance best practices. HIPAA
Published on: 02 Feb 2023