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Tips for Managing Third-Party Risk in Health Care

Reciprocity

Data breaches against healthcare organizations affected more than 1 million people in 2020. The average total data breach cost in the same year was far higher in the healthcare industry ( $7.13 As one can see, the healthcare industry is one of the most attractive targets for cyber attackers and data thieves.

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How Secure is Your Data?

Online Computers

Everyone in the healthcare industry in the US is aware that HIPAA prevents sharing medical information except under particular circumstances. Don’t forget that data breaches cost the healthcare industry upwards of $6 billion per year. Who’s Bears the Responsibility? How to Protect Your Patients — and Yourself .

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Important KPIs for Successful Vendor Management

Reciprocity

Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. After acceptable risk levels have been established, evaluate vendors’ security performance — and if a vendor’s cybersecurity is too lax for your tastes, require that vendor to make improvements as necessary.

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33 Data Privacy Week Comments from Industry Experts in 2023

Solutions Review

On top of that, these suppliers themselves outsource their material to second-tier suppliers. Organizations use video conferencing to discuss M&A, legal, military, healthcare, intellectual property and other topics, and even corporate strategies.