August 2020 | Page 22

partners TOGETHER About HIPAA Risk Assessments ... (Continued from page 21) • Phase 1 - Scope It The first phase involves scoping the system to understand its boundaries, criticality, and sensitivity in the following areas: • Software • Hardware • Mission • Personnel • Interfaces and integration • System and data criticality • System and data sensitivity • Phase 2 - Gap Assessment During this phase, systems are assessed to uncover vulnerabilities in terms of: • Security violations • Industry standards (ISO, CIS, NIST) • External intel • An analysis of the current controls is also conducted to determine whether they are complete according to practice, If your security is breached, service delivery will be affected, thus putting patients’ lives at risk. formalized and repeatable, or nonexistent. • Phase 3 - Risk Analysis Once the vulnerabilities are identified, the risk they pose to the organization is analyzed based on the threat of the source as well as their capability and motivation. This analysis also involves assessing the effectiveness of current controls and the level of impact on operations, finances, and the reputation of a company if the threat occurs. • Phase 4 - Control Recommendations To ensure clients’ data is protected, GreyCastle recommends controls to mitigate risk. These recommendations will be based on: • Laws and regulations • Organizational policy • Impact on operations • Feasibility • Cost-benefit analysis • Safety and reliability Once all the four phases of risk assessment are conducted, senior leadership will receive a report on the findings and recommended controls. The report will assist with decision making on matters of budget and operations. HIPAA Is More than About Cybersecurity Primarily, HIPAA rules are designed as protective measures against increasing cyber threats. However, HIPAA goes beyond protecting information and into saving lives. If your security is breached, service delivery will be affected, thus putting patients’ lives at risk. Are you looking for a cybersecurity company with experience in healthcare and HIPAA? GreyCastle Security helps organizations achieve HIPAA compliance through risk assessments and staff training. Reach out to GreyCastle Security today to achieve HIPAA compliance. About GreyCastle Security GreyCastle Security is a proud partner of LeadingAge New York. GreyCastle Security is a leading healthcare cybersecurity readiness provider, with expertise in risk mitigation, HIPAA compliance, certification, and privacy. From budgetary restraints to earning executive buy-in, we’ve seen it all and understand not all cyber roadblocks are created equal. That’s why our award-winning solutions and project plan roadmap are customized for your healthcare organization. Headquartered in Troy, New York, our work has been peer-recognized on a national basis. We have earned clients trust as their cybersecurity advisor in over 80% of states across the United States while also routinely supporting our clients in India, China, and the EU. GreyCastle Security is a subsidiary of Assured Information Security (AIS). For more information about who we are and what we do, visit greycastlesecurity.com. 22 Adviser a publication of LeadingAge New York | Summer 2020