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Volume 27, Issue 3

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July 30, 2013

5 Tips for Minimizing Data Breaches Caused by Third Party Vendors

Has a third-party vendor caused a data breach at your organization? If so, did the vendor notify you? If you weren’t notified during — or right after — the investigation you have plenty of company.

A new study conducted by the Ponemon Institute indicates that many business associates don’t notify their organizations of a data breach during the investigation or after determining the cause of the incident. In fact, 47 percent of those polled either have no timeframe for notification or they do not notify the organization at all.

 These facts alone are alarming but can be especially detrimental to an organization in the health care industry, where the new HIPAA Omnibus Final Rule broadens the definition of a data breach and calls for stricter enforcement and greater penalties. The Omnibus Rule took effect in March 2013, although organizations have until September to comply.

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http://www.corporatecomplianceinsights.com/five-tips-for-minimizing-data-breaches-caused-by-third-party-vendors