The "Financial Impact of Breached Health Information" discusses the financial, legal, operational, clinical, and other repercussions of a protected health information (PHI) breach within a healthcare organization. It offers information about stakeholders involved; the evolution of laws, rules, and regulations designed to protect PHI; the causes of data breaches; the most common threats and vulnerabilities; and safeguards and controls that organizations can implement to mitigate risk.
The report also offers a five-step method for an organization to assess its risk level for such a breach. The PHI Value Estimator (PHIve tool) estimates the overall potential costs of a data breach for an organization, and it provides methodology for determining an appropriate level of investment to reduce the probability of a breach.
The report was also developed by the Internet Security Alliance (ISA) and the Santa Fe Group/Shared Assessments Program Healthcare Working Group. It can be downloaded by clicking here.
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