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@ShahidNShah
Strengthening Data Security in Healthcare Benefits Administration: The Role of HITRUST-Certified Systems
American businesses are no stranger to cyberattacks, with notable breaches causing significant disruptions across various industries, including healthcare conglomerates like Change Healthcare and the ransomware attack on Mr. Cooper, a major mortgage loan company, that risked data on more than 14 million current and former clients. Organizations of all sizes strive to stay ahead of threat actors to prevent future attacks. This challenge is incredibly daunting for small businesses in the healthcare sector, which are more vulnerable to the severe impacts of data breaches.A 2023 Cyber Readiness Report from Hiscox found that 41% of SMBs were victims of at least one successful cyberattack in the past year.
Medigy Insights
Establishing a partnership with a HITRUST-certified vendor or utilizing HITRUST-certified systems offers small businesses a solution that goes beyond mere regulatory compliance. It provides a level of assurance that stringent controls are in place to protect their most vulnerable data from cybercriminals. While SMBs may struggle to implement these resources independently, many can partner with Association Health Plans, Trusts, and other multiple employer groups that often have access to HITRUST-certified systems and processes. This collaboration provides increased peace of mind and significantly reduces the risk of data breaches, ensuring a more secure environment for employee data.
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