Tuesday, March 6, 2012

The Financial Impact of Breached Protected Health Information

The Financial Impact of Breached Protected Health Information, prepared by the American National Standards Institute, Shared Assessments and the Internet Security Alliance, March 5, 2012.

From the abstract: "The Financial Impact of Breached Protected Health Information: A Business Case for Enhanced PHI Security explores the reputational, financial, legal, operational, and clinical repercussions of a protected health information (PHI) breach on an organization, and provides a 5-step method – PHI Value Estimator (PHIve)- to assess specific security risks and build a business case for enhanced PHI security. This tool estimates the overall potential costs of a data breach to an organization, and provides a methodology for determining an appropriate level of investment needed to strengthen privacy and security programs and reduce the probability of a breach. A detailed example of costing a PHI breach using the PHIve method is provided."  Read  more (registration may be required)