The Health Insurance Portability and Accountability Act of 1996, commonly known now as HIPAA, has provided patients with the privacy they need but it’s also been a challenge and disruption to the way medical records are maintained and managed from an IT perspective. Patient authorizations are required for any data sharing and breaches of HIPAA can have big financial applications to healthcare providers and networks. In fact, millions upon millions of dollars have been paid out in HIPAA-related breach of privacy cases. This extends to your ITAD practices as well. It’s key to have the right partner to help you navigate.
Proper data management is the key to protecting the security of your company’s sensitive information. In fact, companies are responsible for generating, storing, and securing sensitive data such as financial information, transactions, personally identifiable information, medical information, and more. In addition to the moral & logical responsibility of protecting this information, companies also have a legal obligation to keep sensitive data secure.
Corporate Compliance regulations vary by industry, but they are crucial in developing your company’s risk management policy. One of the biggest risks of exposure for your company is through poor data destruction polices. Simply destroying IT assets or throwing them out with the trash is not an option, particularly if your organization deals with sensitive data.