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HIPAA Privacy &
Cyber Insurance
Outline provided by Paresh Shah, MindLeaf Tech. Inc.
MindLeaf
Regulations and Protecting Patient Privacy
HIPAA Technical Safeguards
- Record and examine access in Information
System that contains PHI.
HIPAA Administrative Safeguards
- Review records of IT - logs.
ARRA HiTech Privacy and MU Criteria
- Security risk analysis in accordance with 45 CFR
164.308(a)(1)
HIPAA Omnibus Rule
- 4 Factor Risk assessment – Acquistion, access,
Use or disclosure of PHI.
New Accounting for Disclosure Regulations
- Patients with transparency about the uses
and disclosures of their digital PHI.
State(s) Laws on Privacy
- Varies by state(s).
HIPAA Privacy and Cyber Security Insurance 2
Provider’s Cyber Insurance
Data Privacy Media Liability Notification & Id
Protection
Other Factors Extortion Data Recovery
• Key – Protecting the
business
• Manage and mitigate
the cost of
responding to cyber
attack through
insurance options.
Highlights
Cyber
Security
Policy
Insurance
Effect
Problem statement:
What happens when
there is a Privacy
breach?
Compliance is the floor while Cyber Security is the ceiling for
Provider(s) organization.
HIPAA Privacy and Cyber Security Insurance
3
Name, Location, Staff, Organization
Specific Information
Check box – Yes/No
Written procedure with respect to security?
Virus definitions updated and disseminated
Firewall? Updates frequency?
Incident Response Plan?
Etc.
Insurance – Application Sheet
Provider(s) Information Cyber Security Coverage
HIPAA Privacy and Cyber Security Insurance
4
Anatomy of a Privacy breach
01 02 03 04
• Access to patient data • Reactive phase following the
breach
• Incident Response Plan – What
occurred.
• Plan in the months following the
breach for e.g.
• Interim access to patient
records
• Reduce damages to
patients
• Respond to findings
• Legal matters.
• Repairing the damage to the
provider organization
• And preventing the occurrence of
similar event
PRIVACY
BREACH
IMMEDIATE
BREACH
RESPONSE
- TRIAGE
SHORT TERM
IMPACT
LONG
TERM
IMPACT
HIPAA Privacy and Cyber Security Insurance
5
Impact of a breach on Provider(s)
Direct
Costs
Will the
Insurance
claim pay
for this?
Indirect
Costs
Compliance, Protection – post breach, Attorney fees, PR, Investigations, Cash
Flow to cover the costs.
Loss of Revenue – patient attrition, Goodwill, Cost of Insurance premium,
Operational costs
HIPAA Privacy and Cyber Security Insurance 6
Breach Takewaways/ Potential consequences
• Short Term
• Long Term
Impact
• Technical
• Business
Recovering
• Future Direction
Course
• Business
Leadership
Changes
HIPAA Privacy and Cyber Security Insurance 7
Action Who
By When
ASAP
Assumptions – Incident Response Plan
Perform a loss control on the Cyber Security exposures
Insurance Company/ or
Internal
Mitigate likely outcomes – Response Team, Top Risk areas Management
Investment – Risk focused Finance/ CIO
Employee Engagement – Education on CyberSecurity Management
Implement Action Plan
HIPAA Privacy and Cyber Security Insurance 8
MindLeaf and Intel
It is now more important than ever to ensure your breach security is on par or better than the
industry. Intel Health and Life Sciences and several industry partners are currently running a global pilot
program offering complementary, confidential breach security assessments for HLS organizations.
This engagement involves a one hour meeting for the assessment conducted by Intel or MindLeaf a partner,
and results in an extensive report that shows participating organizations how their breach security
compares with the broader HLS industry.
This report also includes traceability to key regulations and standards, enabling participants to see how
addressing any gap may also help with compliance. An example report is on www.mindleaf.com.
How does your breach security compare?
HIPAA Privacy and Cyber Security Insurance 9
Provider(s) Goals
Manage the privacy and
cybersecurity risk(s) And
The ability to recover from an
attack.
HIPAA Privacy and Cyber Security Insurance 10
If you would like to learn more about these concepts,
reach out to Paresh Shah
at
pshah@mindleaf.com
HIPAA Privacy and Cyber Security Insurance
11

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MindLeaf - HIPAA privacy and cybersecurity insurance

  • 1. HIPAA Privacy & Cyber Insurance Outline provided by Paresh Shah, MindLeaf Tech. Inc. MindLeaf
  • 2. Regulations and Protecting Patient Privacy HIPAA Technical Safeguards - Record and examine access in Information System that contains PHI. HIPAA Administrative Safeguards - Review records of IT - logs. ARRA HiTech Privacy and MU Criteria - Security risk analysis in accordance with 45 CFR 164.308(a)(1) HIPAA Omnibus Rule - 4 Factor Risk assessment – Acquistion, access, Use or disclosure of PHI. New Accounting for Disclosure Regulations - Patients with transparency about the uses and disclosures of their digital PHI. State(s) Laws on Privacy - Varies by state(s). HIPAA Privacy and Cyber Security Insurance 2
  • 3. Provider’s Cyber Insurance Data Privacy Media Liability Notification & Id Protection Other Factors Extortion Data Recovery • Key – Protecting the business • Manage and mitigate the cost of responding to cyber attack through insurance options. Highlights Cyber Security Policy Insurance Effect Problem statement: What happens when there is a Privacy breach? Compliance is the floor while Cyber Security is the ceiling for Provider(s) organization. HIPAA Privacy and Cyber Security Insurance 3
  • 4. Name, Location, Staff, Organization Specific Information Check box – Yes/No Written procedure with respect to security? Virus definitions updated and disseminated Firewall? Updates frequency? Incident Response Plan? Etc. Insurance – Application Sheet Provider(s) Information Cyber Security Coverage HIPAA Privacy and Cyber Security Insurance 4
  • 5. Anatomy of a Privacy breach 01 02 03 04 • Access to patient data • Reactive phase following the breach • Incident Response Plan – What occurred. • Plan in the months following the breach for e.g. • Interim access to patient records • Reduce damages to patients • Respond to findings • Legal matters. • Repairing the damage to the provider organization • And preventing the occurrence of similar event PRIVACY BREACH IMMEDIATE BREACH RESPONSE - TRIAGE SHORT TERM IMPACT LONG TERM IMPACT HIPAA Privacy and Cyber Security Insurance 5
  • 6. Impact of a breach on Provider(s) Direct Costs Will the Insurance claim pay for this? Indirect Costs Compliance, Protection – post breach, Attorney fees, PR, Investigations, Cash Flow to cover the costs. Loss of Revenue – patient attrition, Goodwill, Cost of Insurance premium, Operational costs HIPAA Privacy and Cyber Security Insurance 6
  • 7. Breach Takewaways/ Potential consequences • Short Term • Long Term Impact • Technical • Business Recovering • Future Direction Course • Business Leadership Changes HIPAA Privacy and Cyber Security Insurance 7
  • 8. Action Who By When ASAP Assumptions – Incident Response Plan Perform a loss control on the Cyber Security exposures Insurance Company/ or Internal Mitigate likely outcomes – Response Team, Top Risk areas Management Investment – Risk focused Finance/ CIO Employee Engagement – Education on CyberSecurity Management Implement Action Plan HIPAA Privacy and Cyber Security Insurance 8
  • 9. MindLeaf and Intel It is now more important than ever to ensure your breach security is on par or better than the industry. Intel Health and Life Sciences and several industry partners are currently running a global pilot program offering complementary, confidential breach security assessments for HLS organizations. This engagement involves a one hour meeting for the assessment conducted by Intel or MindLeaf a partner, and results in an extensive report that shows participating organizations how their breach security compares with the broader HLS industry. This report also includes traceability to key regulations and standards, enabling participants to see how addressing any gap may also help with compliance. An example report is on www.mindleaf.com. How does your breach security compare? HIPAA Privacy and Cyber Security Insurance 9
  • 10. Provider(s) Goals Manage the privacy and cybersecurity risk(s) And The ability to recover from an attack. HIPAA Privacy and Cyber Security Insurance 10
  • 11. If you would like to learn more about these concepts, reach out to Paresh Shah at pshah@mindleaf.com HIPAA Privacy and Cyber Security Insurance 11