The Healthcare Insurance Portability and Accountability Act (HIPAA) is one of the more complex regulations in the U.S., due in no small part to the complicated and open-ended nature of the law.
What should companies do? In this case, covered organizations are turning to risk-based assessments to help them support their security approaches.
Here, we will discuss how risk plays a role in the rule of HIPAA law.
We often take digital identity for granted… We create accounts all over the Internet for various services, but rarely think about the information that sits in a server for every company we interact with. Furthermore, we rarely think about the potential for fraud related to those identities and how that potential threat impacts finance or military defense businesses. That’s why, when it comes to crucial industries, digital identity verification is necessary.
The federal government has strict and comprehensive regulations on how agencies handle constituents’ personal information. This is just as true for tax information. The IRS leans on established guidelines associated with federal security to dictate regulations for agencies that handle tax information and, by and large, treats that information as a sensitive and critical part of operations. These guidelines are housed in the robust regulatory document called IRS 1075.