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October 2009

Jon Moore: Build a Security Control Framework for Predictable Compliance

The healthcare industry's increasing reliance on technology during this decade has been embraced by consumers, and this has created increased challenges for an already highly regulated industry. The need for superior information security is understandable, after all, consumers entrust us with their health and their wealth. By that, of course, I mean that Humana's subscribers and those of our peer companies are relying on us to help enable their quality of life securely and reliably. Healthcare companies must comply with the myriad of state and federal regulations (HIPAA, Sarbanes Oxley, PCI, and now HITECH) that have emerged since 2000; each is intended to result in healthcare companies safeguarding customer information. Achieving compliance can mean significant cost and regulation-related expenses for healthcare companies. But the cost of doing nothing can have profoundly negative consequences. In fact, the financial impact of data breaches is skyrocketing. The average cost-per-incident is now reported to be in the $6 million ...

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