SlideShare a Scribd company logo
+
DoesYour Practice
Know The Cost?
The Cost Of A:
HIPAA Violation
Fines Lawsuit
Reputation Recovery
+
In The Last 2Years…
% Of Health Care
Organizations Have
Had:
One Or More Breaches
Photo: Chuck Coker
+
Have Had More Than 5 Breaches
And…
+
Government Fines & Penalties
Range From $100 To $50,000 Per Health Record!!!
With A Maximum Annual Fine Of…
$1.5 Million
Photo: 401(K) 2012
+
But There’s More…
Photo: Steve Davis Photo: Gayla Baer-Taylor Photo: One Way Stock
+
Investigation & Recovery
n  $$$ Hire Cyber Security Firm To Investigate
The Cause
n  Take Action Based On The Findings
How did it
happen
# of
Records
Exposed
Stop The
Bleeding
Enforce
Policies
+
Lawsuits
HIPAA Award Upheld After Walgreen’s Pharmacist
Shared Patient’s Data
$1.44 Million
+
PR Nightmare – Angry Customers
Every Affected
Individual Must Be
Notified!!
And If The Breach Involves 500 Or
More Records…
+
Then You Must Alert…
n The Media
n The Department of Health
& Human Services
+How Much Time WillYou Waste?
n  Crafting A Message & Alerting
n  Patients Whose Records Were Exposed
n  The Media
n  Department of Health & Human Services
n  Answering Phone Calls From Angry
Patients
n  Responding To Media Inquiries
n  Responding To HHS Follow Up Questions &
Paperwork
+In Other Words…
n Family
n Patients
Yet MORE TIME For…
LESS TIME With…
n Doing Paper Work
n Dealing With Oversight From
Gov’t Agencies
+
The Largest Cost ForYour
Company:
Photo: MSLGroup Global
+
The $$ Over A 10-Year Period
n Healthcare Industry - $398 Per Record
n Pharmaceutical Industry - $298 Per
Record
n 48% of the Cost Is Lost Revenue
Ponemon Institute: 2015 Cost of Data Breach Study: United States
+
With The $$$ Of A Single Data
Breach Likely Being In The…
MILLIONS $$$
Photo: 401(K) 2012
+
It’s No Wonder That…
Of Small Businesses
Go Out Of Business
After A Data Breach
National Cyber Security Alliance: Small Business Survey
+
For More Information On
Cyber Liability & The Ways
To Prevent, Protect, &
Rescue Your Business
Visit…
+
www.affenix.com
Cyber	
  Sherpas	
  
Preparing,	
  Guiding,	
  &	
  Protec8ng	
  
Businesses	
  In	
  A	
  Digital	
  Age	
  

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The Cost Of A HIPAA Violation

  • 1. + DoesYour Practice Know The Cost? The Cost Of A: HIPAA Violation Fines Lawsuit Reputation Recovery
  • 2. + In The Last 2Years… % Of Health Care Organizations Have Had: One Or More Breaches Photo: Chuck Coker
  • 3. + Have Had More Than 5 Breaches And…
  • 4. + Government Fines & Penalties Range From $100 To $50,000 Per Health Record!!! With A Maximum Annual Fine Of… $1.5 Million Photo: 401(K) 2012
  • 5. + But There’s More… Photo: Steve Davis Photo: Gayla Baer-Taylor Photo: One Way Stock
  • 6. + Investigation & Recovery n  $$$ Hire Cyber Security Firm To Investigate The Cause n  Take Action Based On The Findings How did it happen # of Records Exposed Stop The Bleeding Enforce Policies
  • 7. + Lawsuits HIPAA Award Upheld After Walgreen’s Pharmacist Shared Patient’s Data $1.44 Million
  • 8. + PR Nightmare – Angry Customers Every Affected Individual Must Be Notified!! And If The Breach Involves 500 Or More Records…
  • 9. + Then You Must Alert… n The Media n The Department of Health & Human Services
  • 10. +How Much Time WillYou Waste? n  Crafting A Message & Alerting n  Patients Whose Records Were Exposed n  The Media n  Department of Health & Human Services n  Answering Phone Calls From Angry Patients n  Responding To Media Inquiries n  Responding To HHS Follow Up Questions & Paperwork
  • 11. +In Other Words… n Family n Patients Yet MORE TIME For… LESS TIME With… n Doing Paper Work n Dealing With Oversight From Gov’t Agencies
  • 12. + The Largest Cost ForYour Company: Photo: MSLGroup Global
  • 13. + The $$ Over A 10-Year Period n Healthcare Industry - $398 Per Record n Pharmaceutical Industry - $298 Per Record n 48% of the Cost Is Lost Revenue Ponemon Institute: 2015 Cost of Data Breach Study: United States
  • 14. + With The $$$ Of A Single Data Breach Likely Being In The… MILLIONS $$$ Photo: 401(K) 2012
  • 15. + It’s No Wonder That… Of Small Businesses Go Out Of Business After A Data Breach National Cyber Security Alliance: Small Business Survey
  • 16. + For More Information On Cyber Liability & The Ways To Prevent, Protect, & Rescue Your Business Visit…
  • 17. + www.affenix.com Cyber  Sherpas   Preparing,  Guiding,  &  Protec8ng   Businesses  In  A  Digital  Age