Connect with us

Hi, what are you looking for?

Fibonacci Tech News

The US proposes rules to make healthcare data more secure

Photo by Amelia Holowaty Krales / The Verge

The US Department of Health and Human Services’ (HHS) Office for Civil Rights (OCR) is proposing new cybersecurity requirements for healthcare organizations aimed at protecting patients’ private data in the event of cyberattacks, reports Reuters. The rules come after major cyberattacks like one that leaked the private information of more than 100 million UnitedHealth patients earlier this year.

The OCR’s proposal includes requiring that healthcare organizations make multifactor authentication mandatory in most situations, that they segment their networks to reduce risks of intrusions spreading from one system to another, and that they encrypt patient data so that even if it’s stolen, it can’t be accessed. It would also direct regulated groups to undertake certain risk analysis practices, keep compliance documentation, and more.

The rule is part of the cybersecurity strategy that the Biden administration announced last year. Once finalized, it would update the Security Rule of the Health Insurance Portability and Accountability Act of 1996 (HIPAA), which regulates doctors, nursing homes, health insurance companies, and more, and was last updated in 2013.

US deputy national security advisor Anne Neuberger put the cost of implementing the requirements at “an estimated $9 billion in the first year, and $6 billion in years two through five,” writes Reuters. The proposal is due to be published in the Federal Register on January 6th, which will kick off the 60-day public comment period before the final rule is set.

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Stock News

If you look at a chart of PLTR stock, you can see that it has had quite a ride, from its short-lived period of...