BC Advantage - 2020 Issue 3

Third Party Risk Management and the FTC's "New & Improved" Data Security Orders

Cybersecurity and the related technical, administrative, and physical safeguards, which are required under a plethora of law ranging from the Health Insurance Portability and Accountability Act (HIPAA)  to the California Consumer Protection Act (CCPA)  to the Federal Trade Commission's Data Security Orders (FTC's Data Orders),  is receiving heightened attention from regulators. Yet, according to EHRIntelligence, one of the biggest problem areas is risk mitigation associated with a third-party or vendor-related breach.  The purpose of this article is to highlight the July 2019 Ponemon Report, The Economic Impact of Third-Party Risk Management in Healthcare in relation to the...

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