Regulations initially cause organizations to spend more funds on data breaches, but eventually those rules could save enterprises money, the Ponemon Institute's Larry Ponemon says in analyzing his latest study on breach costs.
Intermountain Healthcare deserves praise for its gutsy leadership on information security. It's calling attention to the value of thorough risk assessments, acknowledging its need to improve security and developing best practices to share.
Intermountain Healthcare stepped up its risk assessment efforts to better identify security issues and help ensure it can pass a federal HIPAA audit. Plus, it's developing security best practices to share with others.
Collecting massive amounts of data on individuals, whether in the government or private sector, has become the norm in our society. It's not quite Orwellian, but it's a situation we might have to learn to live with.
As they develop mitigation strategies, organizations must keep in mind that all cyber-attacks, ranging from DDoS to phishing, ultimately aim to compromise data - and they virtually all are advanced and persistent.
With promises of ramped up HIPAA enforcement by federal regulators, and changes in the breach notification rule under the HIPAA Omnibus Rule, it's time for organizations to get serious about insider risks.