Friday, March 25, 2011

Cost of Patient Privacy Breaches to be Examined by the American National Standards Institute (ANSI)

ANSI has announced a project to examine the financial impact of patient information breaches. Veriphyr's Nicole Borner will be participating on the project team.

The project will identify existing legal protections related to protected health information (PHI), define the parts of the healthcare ecosystem with the highest risk of compromise, and assess the financial impacts of the disclosure of PHI.
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The American National Standards Institute (ANSI) is leading the project via its Identity Theft Prevention and Identity Management Standards Panel (IDSP) and working in partnership with the Shared Assessments Program and its Healthcare Working Group.
"Organizations that are custodians of healthcare data are grappling with how to calculate their risk exposure when PHI is lost or stolen. The ANSI/Shared Assessments PHI Project will inform their investment decisions to protect PHI." - Rick Kam, Chair of ANSI/Shared Assessments PHI Project
Professionals from across the industry will be part of this initiative, including representatives from data security companies, identity theft protection providers and research organizations, legal experts on privacy and security, standards developers, and others.

For those interested in participating there will a two hour conference call on April 7, 2011, from 12:00 p.m.– 2:00 p.m. Eastern. Send an email to idsp@ansi.org to join in the work effort over the next few months.

Sources:
(a) ANSI and Shared Assessments Launch Initiative to Examine Financial Impact and Harm of Breached Patient Information - American National Standards Institute (ANSI), March 2011
(b) American National Standards Institute (ANSI)
(c) Identity Theft Prevention and Identity Management Standards Panel (IDSP)
(d) Shared Assessments Program


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